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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

Bear Market Rally (-75) - MYRUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRUSD as it may be in the beginning of a reversal.

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
0.22361867 0.22383891 0.22338389 0.22376378 +0.00014500
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term down The long-term trend has been DOWN since Nov 4th, 2024 at 0.21874665

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2024 at 0.23268809

short term up The short-term trend has been UP since Dec 25th, 2024 at 0.22317450

Smart Scan Analysis for MYRUSD

Based on our trend formula, MYRUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22361867 0.22383891 0.22338389 0.22376378 +0.00014500
Prev. Close Volume Bid Ask Time
0.22361867 2024-12-26 04:54:52
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