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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2024.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

Long-Term Uptrend (+90) - MYRSGD is in a strong uptrend that is likely to continue. While MYRSGD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
0.30326782 0.30326782 0.30326782 0.30326782 0.00000000
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 Nov 25th, 2024 at 0.30322771

short term up The short-term trend has been UP since Dec 4th, 2024 at 0.30176079

Smart Scan Analysis for MYRSGD

Based on our trend formula, MYRSGD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MYRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30326782 0.30326782 0.30326782 0.30326782 0.00000000
Prev. Close Volume Bid Ask Time
0.30326782 2024-12-07 04:22:59
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