Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2024.
Malaysian Ringt/Brazilian Real (FOREX:MYRBRL)
Bull Market Weakness (+75) - MYRBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRBRL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MYRBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRBRL
The long-term trend has been UP since Mar 8th, 2024 at 1.0681852
The intermediate-term trend has been UP since Dec 6th, 2024 at 1.3736890
The short-term trend has been DOWN since Dec 11th, 2024 at 1.3573279
Smart Scan Analysis for MYRBRL
Based on our trend formula, MYRBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3659620 | 1.3703987 | 1.3557004 | 1.3591303 | -0.0068320 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3659620 | 2024-12-11 13:26:01 |