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Forex Trend Analysis Report

Prepared for you on Friday, October 11, 2024.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

Sidelines Mode (+55) - MYRUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_MYRUSD
Open High Low MYRUSD Price Change
0.23323623 0.23326343 0.23323623 0.23326343 +0.00002700
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term up The long-term trend has been UP since Jul 30th, 2024 at 0.21592910

intermediate term up The intermediate-term trend has been UP since Jul 9th, 2024 at 0.21258509

short term down The short-term trend has been DOWN since Sep 30th, 2024 at 0.24114407

Smart Scan Analysis for MYRUSD

Based on our trend formula, MYRUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23323623 0.23326343 0.23323623 0.23326343 +0.00002700
Prev. Close Volume Bid Ask Time
0.23323623 2024-10-11 00:01:33
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