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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Malaysian Ringt/Euro (FOREX:MYREUR)

Countertrend Up (+85) - MYREUR 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 MYREUR?

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

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

FOREX_MYREUR
Open High Low MYREUR Price Change
0.20660824 0.20684266 0.20633682 0.20666803 +0.00006000
Entry Signal

MarketClub’s Trade Triangles for MYREUR

long term up The long-term trend has been UP since Aug 30th, 2021 at 0.20363983

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2021 at 0.20133234

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 0.20722764

Smart Scan Analysis for MYREUR

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

+85
Smart Scan Analysis for MYREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20660824 0.20684266 0.20633682 0.20666803 +0.00006000
Prev. Close Volume Bid Ask Time
0.20660824 2021-10-21 09:53:55
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