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Forex Trend Analysis Report

Prepared for you on Monday, December 2, 2024.

Malaysian Ringt/Australian Dollar (FOREX:MYRAUD)

Countertrend Up (+85) - MYRAUD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

FOREX_MYRAUD
Open High Low MYRAUD Price Change
0.34479530 0.34485914 0.34391757 0.34483573 +0.00004000
Entry Signal

MarketClub’s Trade Triangles for MYRAUD

long term up The long-term trend has been UP since Jul 24th, 2024 at 0.32651298

intermediate term up The intermediate-term trend has been UP since Nov 27th, 2024 at 0.34749963

short term down The short-term trend has been DOWN since Nov 29th, 2024 at 0.34465389

Smart Scan Analysis for MYRAUD

Based on our trend formula, MYRAUD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for MYRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34479530 0.34485914 0.34391757 0.34483573 +0.00004000
Prev. Close Volume Bid Ask Time
0.34479530 2024-12-02 06:46:26
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