Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Crossroads (-60) - SGDMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
|
|||||||||||||||
|
|||||||||||||||
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 DOWN since Nov 12th, 2024 at 3.2697858
The short-term trend has been DOWN since Dec 4th, 2024 at 3.3138598
Smart Scan Analysis for SGDMYR
Based on our trend formula, SGDMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3030683 | 3.3041128 | 3.3004063 | 3.3012063 | -0.0018620 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3030683 | 2024-12-05 03:18:03 |