Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)
Bull Market Weakness (+75) - HKDMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDMYR as it may be in the beginning stages of a reversal.
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 DOWN since Dec 25th, 2024 at 0.57651219
Smart Scan Analysis for HKDMYR
Based on our trend formula, HKDMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.57571564 | 0.57630588 | 0.57514103 | 0.57533525 | -0.00038000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.57571564 | 2024-12-26 04:54:52 |