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Forex Trend Analysis Report

Prepared for you on Friday, January 21, 2022.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

Crossroads (-60) - MYRUSD is struggling to move into a solid trend. Beware of choppy markets 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
0.23892587 0.23909154 0.23887451 0.23887451 -0.00005100
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term down The long-term trend has been DOWN since Mar 7th, 2021 at 0.24449887

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2021 at 0.23804431

short term up The short-term trend has been UP since Jan 21st, 2022 at 0.23903433

Smart Scan Analysis for MYRUSD

Based on our trend formula, MYRUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23892587 0.23909154 0.23887451 0.23887451 -0.00005100
Prev. Close Volume Bid Ask Time
0.23892587 2022-01-21 03:29:45
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