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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.

FOREX_HKDMYR
Open High Low HKDMYR Price Change
0.57063552 0.57081524 0.57049149 0.57081524 +0.00018000
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term up The long-term trend has been UP since Nov 4th, 2024 at 0.58502769

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.55192574

short term up 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).

+80
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways 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
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