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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Sidelines Mode (+50) - MYRUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MYRUSD can gain momentum.
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 Feb 8th, 2024 at 0.20944607
The intermediate-term trend has been UP since Apr 17th, 2024 at 0.21184203
The short-term trend has been UP since Apr 17th, 2024 at 0.20979794
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20900831 | 0.20927513 | 0.20900831 | 0.20927513 | +0.00026700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20900831 | 2024-04-25 05:27:00 |