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Forex Trend Analysis Report

Prepared for you on Friday, January 10, 2025.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Long-Term Uptrend (+90) - USDMYR is in a strong uptrend that is likely to continue. While USDMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
4.4975 4.5020 4.4955 4.5020 +0.0045
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 up The intermediate-term trend has been UP since Oct 10th, 2024 at 4.3015

short term up The short-term trend has been UP since Jan 1st, 2025 at 4.4780

Smart Scan Analysis for USDMYR

Based on our trend formula, USDMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4975 4.5020 4.4955 4.5020 +0.0045
Prev. Close Volume Bid Ask Time
4.4975 2025-01-10 04:17:48
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