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Forex Trend Analysis Report
Prepared for you on Friday, October 11, 2024.
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.
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MarketClub’s Trade Triangles for MYRUSD
The long-term trend has been UP since Jul 30th, 2024 at 0.21592910
The intermediate-term trend has been UP since Jul 9th, 2024 at 0.21258509
The short-term trend has been DOWN since Sep 30th, 2024 at 0.24114407
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23323623 | 0.23326343 | 0.23323623 | 0.23326343 | +0.00002700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23323623 | 2024-10-11 00:01:33 |