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Forex Trend Analysis Report

Prepared for you on Saturday, December 2, 2023.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

Long-Term Downtrend (-90) - MYRSGD is in a strong downtrend that is likely to continue. While MYRSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.28589688 0.28675270 0.28489859 0.28566089 -0.00023600
Entry Signal

MarketClub’s Trade Triangles for MYRSGD

long term down The long-term trend has been DOWN since Oct 10th, 2023 at 0.28845965

intermediate term down The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 0.28485781

short term down The short-term trend has been DOWN since Nov 14th, 2023 at 0.28833052

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
0.28589688 0.28675270 0.28489859 0.28566089 -0.00023600
Prev. Close Volume Bid Ask Time
0.28662483 2023-12-01 17:11:31
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