Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)
Countertrend Down (-85) - HKDMYR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid HKDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDMYR
The long-term trend has been DOWN since Aug 3rd, 2020 at 0.54658521
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.52053941
The short-term trend has been UP since Feb 25th, 2021 at 0.52197186
Smart Scan Analysis for HKDMYR
Based on our trend formula, HKDMYR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).