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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

Countertrend Up (+85) - MYRSGD 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 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
0.28788359 0.28812259 0.28662181 0.28686505 -0.00101900
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 up The intermediate-term trend has been UP since Apr 23rd, 2024 at 0.28587191

short term down The short-term trend has been DOWN since May 21st, 2024 at 0.28700592

Smart Scan Analysis for MYRSGD

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

+85
Smart Scan Analysis for MYRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28788359 0.28812259 0.28662181 0.28686505 -0.00101900
Prev. Close Volume Bid Ask Time
0.28788359 2024-05-21 15:35:24
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