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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Strong Downtrend (-100) - KRWMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, KRWMYR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid KRWMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWMYR.
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 KRWMYR
The long-term trend has been DOWN since Apr 1st, 2024 at 0.00349980
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.00352856
The short-term trend has been DOWN since May 8th, 2024 at 0.00347323
Smart Scan Analysis for KRWMYR
Based on our trend formula, KRWMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00346805 | 0.00346896 | 0.00345556 | 0.00345556 | -0.00001200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00346805 | 2024-05-09 04:33:44 |