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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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
0.30179170 0.30220731 0.30159298 0.30212611 +0.00033400
Entry Signal

MarketClub’s Trade Triangles for MYRSGD

long term up The long-term trend has been UP since May 1st, 2024 at 0.28621360

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2024 at 0.29986919

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 0.30140050

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
0.30179170 0.30220731 0.30159298 0.30212611 +0.00033400
Prev. Close Volume Bid Ask Time
0.30179170 2024-12-26 09:01:15
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