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.
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MarketClub’s Trade Triangles for USDMYR
The long-term trend has been UP since Dec 18th, 2024 at 4.4895
The intermediate-term trend has been UP since Oct 10th, 2024 at 4.3015
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).
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 |