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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

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
0.24015378 0.24015378 0.23972198 0.23972198 -0.00043200
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 Oct 10th, 2021 at 0.23981399

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 0.24035581

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
0.24015378 0.24015378 0.23972198 0.23972198 -0.00043200
Prev. Close Volume Bid Ask Time
0.24015378 2021-10-18 15:46:04
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