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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
Strong Uptrend (+100) - MYRKRW is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRKRW continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MYRKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRKRW.
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 MYRKRW
The long-term trend has been UP since Apr 12th, 2024 at 288.74650
The intermediate-term trend has been UP since Mar 18th, 2024 at 283.55487
The short-term trend has been UP since May 8th, 2024 at 287.88824
Smart Scan Analysis for MYRKRW
Based on our trend formula, MYRKRW is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 288.31611 | 289.10155 | 288.24987 | 289.01171 | +0.69560 |
| Prev. Close | Volume | Bid | Ask | Time |
| 288.31611 | 2024-05-09 03:29:50 |