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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Malaysian Ringt/British Pound (FOREX:MYRGBP)

Bull Market Weakness (+75) - MYRGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRGBP as it may be in the beginning stages of a reversal.

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
0.16768631 0.16781959 0.16764678 0.16770889 +0.00002300
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 up The short-term trend has been UP since Mar 27th, 2024 at 0.16654627

Smart Scan Analysis for MYRGBP

Based on our trend formula, MYRGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MYRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16768631 0.16781959 0.16764678 0.16770889 +0.00002300
Prev. Close Volume Bid Ask Time
0.16768631 2024-03-29 05:56:44
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