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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

Crossroads (-60) - MYRSGD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_MYRSGD
Open High Low MYRSGD Price Change
0.32332816 0.32382392 0.32288737 0.32361610 +0.00028800
Entry Signal

MarketClub’s Trade Triangles for MYRSGD

long term up The long-term trend has been UP since Oct 4th, 2021 at 0.32567688

intermediate term down The intermediate-term trend has been DOWN since Nov 29th, 2021 at 0.32268206

short term down The short-term trend has been DOWN since Nov 29th, 2021 at 0.32285257

Smart Scan Analysis for MYRSGD

Based on our trend formula, MYRSGD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MYRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.32332816 0.32382392 0.32288737 0.32361610 +0.00028800
Prev. Close Volume Bid Ask Time
0.32332816 2021-12-08 08:43:51
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