Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Bear Market Rally (-75) - SGDMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDMYR as it may be in the beginning of a reversal.
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 DOWN since May 4th, 2025 at 3.2659720
The intermediate-term trend has been DOWN since May 2nd, 2025 at 3.2856878
The short-term trend has been UP since May 7th, 2025 at 3.2864959
Smart Scan Analysis for SGDMYR
Based on our trend formula, SGDMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.2966354 | 3.3256056 | 3.2893586 | 3.3160275 | +0.0193920 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.2966354 | 2025-05-08 23:10:30 |