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Forex Trend Analysis Report
Prepared for you on Thursday, November 7, 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.
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MarketClub’s Trade Triangles for MYRUSD
The long-term trend has been DOWN since Nov 4th, 2024 at 0.21874665
The intermediate-term trend has been DOWN since Oct 14th, 2024 at 0.23268809
The short-term trend has been UP since Nov 5th, 2024 at 0.22935261
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22665465 | 0.22680887 | 0.22665465 | 0.22680887 | +0.00015400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22665465 | 2024-11-07 01:27:14 |