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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

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

Is it time to buy, sell, or avoid MYRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRZAR
Open High Low MYRZAR Price Change
4.0107800 4.0184462 4.0076195 4.0141544 +0.0033740
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term down The long-term trend has been DOWN since Jun 12th, 2023 at 4.0068527

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2024 at 4.0104034

short term up The short-term trend has been UP since Mar 18th, 2024 at 3.9971149

Smart Scan Analysis for MYRZAR

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

+70
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0107800 4.0184462 4.0076195 4.0141544 +0.0033740
Prev. Close Volume Bid Ask Time
4.0107800 2024-03-19 02:40:00
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