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Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

Bull Market Weakness (+75) - MYRUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRUSD as it may be in the beginning stages 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.

FOREX_MYRUSD
Open High Low MYRUSD Price Change
0.24293081 0.24313162 0.24289540 0.24302527 +0.00009400
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 Apr 19th, 2021 at 0.24257723

short term up The short-term trend has been UP since Apr 13th, 2021 at 0.24198436

Smart Scan Analysis for MYRUSD

Based on our trend formula, MYRUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24293081 0.24313162 0.24289540 0.24302527 +0.00009400
Prev. Close Volume Bid Ask Time
0.24293081 2021-04-20 05:28:52
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