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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Long-Term Downtrend (-90) - USDMYR is in a strong downtrend that is likely to continue. While USDMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
4.0750 4.0755 4.0715 4.0755 +0.0005
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term down The long-term trend has been DOWN since Aug 2nd, 2020 at 4.2378

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 4.1375

short term down The short-term trend has been DOWN since Nov 15th, 2020 at 4.1211

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
4.0750 4.0755 4.0715 4.0755 +0.0005
Prev. Close Volume Bid Ask Time
4.0750 2020-12-03 13:58:25
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