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Forex Trend Analysis Report
Prepared for you on Wednesday, March 12, 2025.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Countertrend Up (+85) - SGDMYR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SGDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDMYR.
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 SGDMYR
The long-term trend has been UP since Nov 4th, 2024 at 3.4177012
The intermediate-term trend has been UP since Mar 4th, 2025 at 3.3222183
The short-term trend has been DOWN since Mar 10th, 2025 at 3.3169381
Smart Scan Analysis for SGDMYR
Based on our trend formula, SGDMYR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3276435 | 3.3276435 | 3.3273162 | 3.3273162 | -0.0003270 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3276435 | 2025-03-12 00:32:33 |