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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2025.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Long-Term Uptrend (+90) - MYRZAR is in a strong uptrend that is likely to continue. While MYRZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
4.2082997 4.2082997 4.2082997 4.2082997 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term up The long-term trend has been UP since Dec 26th, 2024 at 4.1931242

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2024 at 4.0949393

short term up The short-term trend has been UP since Jan 23rd, 2025 at 4.1766806

Smart Scan Analysis for MYRZAR

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

+90
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2082997 4.2082997 4.2082997 4.2082997 0.0000000
Prev. Close Volume Bid Ask Time
4.2082997 2025-01-25 05:16:42
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