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Forex Trend Analysis Report

Prepared for you on Tuesday, November 29, 2022.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Sidelines Mode (+55) - SGDMYR 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 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.

FOREX_SGDMYR
Open High Low SGDMYR Price Change
3.2859658 3.2859658 3.2859658 3.2859658 0.0000000
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long-term trend has been UP since May 19th, 2022 at 3.1738046

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2022 at 3.3230521

short term up The short-term trend has been UP since Nov 29th, 2022 at 3.2806494

Smart Scan Analysis for SGDMYR

Based on our trend formula, SGDMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2859658 3.2859658 3.2859658 3.2859658 0.0000000
Prev. Close Volume Bid Ask Time
3.2859658 2022-11-29 03:54:27
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