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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

Malaysian Ringt/British Pound (FOREX:MYRGBP)

Sidelines Mode (-55) - MYRGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_MYRGBP
Open High Low MYRGBP Price Change
0.16857773 0.16876113 0.16857773 0.16863190 +0.00005400
Entry Signal

MarketClub’s Trade Triangles for MYRGBP

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 0.18182217

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 0.16729240

short term down The short-term trend has been DOWN since May 15th, 2024 at 0.16812939

Smart Scan Analysis for MYRGBP

Based on our trend formula, MYRGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MYRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16857773 0.16876113 0.16857773 0.16863190 +0.00005400
Prev. Close Volume Bid Ask Time
0.16857773 2024-05-17 02:40:27
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