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Forex Trend Analysis Report

Prepared for you on Saturday, February 8, 2025.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Sidelines Mode (-50) - USDMYR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDMYR can gain momentum.

Is it time to buy, sell, or avoid USDMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMYR
Open High Low USDMYR Price Change
4.4340 4.4465 4.4339 4.4405 +0.0065
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term up The long-term trend has been UP since Dec 18th, 2024 at 4.4895

intermediate term down The intermediate-term trend has been DOWN since Jan 21st, 2025 at 4.4506

short term down The short-term trend has been DOWN since Feb 4th, 2025 at 4.4238

Smart Scan Analysis for USDMYR

Based on our trend formula, USDMYR is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4340 4.4465 4.4339 4.4405 +0.0065
Prev. Close Volume Bid Ask Time
4.4340 2025-02-07 16:46:10
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