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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Strong Downtrend (-100) - HKDMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.

FOREX_HKDMYR
Open High Low HKDMYR Price Change
0.52607207 0.52631783 0.52575571 0.52575571 -0.00031600
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term down The long-term trend has been DOWN since Aug 3rd, 2020 at 0.54658521

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 0.53377398

short term down The short-term trend has been DOWN since Nov 15th, 2020 at 0.53146339

Smart Scan Analysis for HKDMYR

Based on our trend formula, HKDMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52607207 0.52631783 0.52575571 0.52575571 -0.00031600
Prev. Close Volume Bid Ask Time
0.52607207 2020-12-01 04:15:33
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