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Forex Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Bear Market Rally (-75) - GBPMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMYR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid GBPMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMYR
Open High Low GBPMYR Price Change
5.6875735 5.6875735 5.6759542 5.6785436 -0.0090300
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 5.6921291

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2022 at 5.6477069

short term down The short-term trend has been DOWN since Jan 17th, 2022 at 5.7208923

Smart Scan Analysis for GBPMYR

Based on our trend formula, GBPMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.6875735 5.6875735 5.6759542 5.6785436 -0.0090300
Prev. Close Volume Bid Ask Time
5.6875735 2022-01-21 13:27:45
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