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Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

Long-Term Downtrend (-90) - MYRUSD is in a strong downtrend that is likely to continue. While MYRUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.23871485 0.23871485 0.23871485 0.23871485 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term down The long-term trend has been DOWN since Feb 18th, 2020 at 0.23889163

intermediate term down The intermediate-term trend has been DOWN since Feb 2nd, 2020 at 0.24397394

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 0.24116734

Smart Scan Analysis for MYRUSD

Based on our trend formula, MYRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23871485 0.23871485 0.23871485 0.23871485 0.00000000
Prev. Close Volume Bid Ask Time
0.23871485 0.23857238 0.23885731 2020-02-22 03:41:21
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