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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Bull Market Weakness (+75) - USDMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMYR as it may be in the beginning stages of a reversal.

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
4.712 4.712 4.711 4.711 -0.001
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term up The long-term trend has been UP since Feb 8th, 2024 at 4.7745

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 4.7200

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 4.7110

Smart Scan Analysis for USDMYR

Based on our trend formula, USDMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.712 4.712 4.711 4.711 -0.001
Prev. Close Volume Bid Ask Time
4.712 2024-06-24 05:06:20
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