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Forex Trend Analysis Report

Prepared for you on Tuesday, June 19, 2018.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low HKDMYR Price Change
0.50928 0.50942 0.50927 0.50941 +0.00013
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term down The long term trend has been DOWN since Mar 27th, 2018 at 0.49444

intermediate term up The intermediate term trend has been UP since Apr 22nd, 2018 at 0.49712

short term up The short term trend has been UP since Jun 15th, 2018 at 0.50943

Smart Scan Analysis for HKDMYR

Based on a pre-defined weighted trend formula for chart analysis, HKDMYR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.50928 0.50942 0.50927 0.50941 +0.00013
Prev. Close Volume Bid Ask Time
0.50928 0.50909 0.50973 2018-06-19 02:43:23
Want to analyze Hong Kong Dollar/Malaysian Ringt HKDMYR or another symbol? Try our Free Forex Trend Analysis Report.