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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2024.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Bull Market Weakness (+75) - GBPMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMYR as it may be in the beginning stages 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
5.6632796 5.6698759 5.6614972 5.6682634 +0.0049840
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term up The long-term trend has been UP since Nov 4th, 2024 at 5.8603515

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2024 at 5.5888483

short term up The short-term trend has been UP since Dec 5th, 2024 at 5.6680213

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
5.6632796 5.6698759 5.6614972 5.6682634 +0.0049840
Prev. Close Volume Bid Ask Time
5.6632796 2024-12-12 03:00:28
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