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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
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.
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MarketClub’s Trade Triangles for HKDMYR
The long-term trend has been DOWN since Apr 28th, 2025 at 0.56127534
The intermediate-term trend has been DOWN since Apr 14th, 2025 at 0.56751011
The short-term trend has been UP since May 8th, 2025 at 0.55462011
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.55474541 | 0.55474541 | 0.55295498 | 0.55295498 | -0.00179000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.55474541 | 2025-05-09 04:46:17 |