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Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2024.
Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)
Countertrend Up (+85) - HKDMYR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for HKDMYR
The long-term trend has been UP since Nov 4th, 2024 at 0.58502769
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.55192574
The short-term trend has been UP since Dec 11th, 2024 at 0.57010723
Smart Scan Analysis for HKDMYR
Based on our trend formula, HKDMYR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.57063552 | 0.57081524 | 0.57049149 | 0.57081524 | +0.00018000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.57063552 | 2024-12-12 01:39:52 |