Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Crossroads (-60) - HKDMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	HKDMYR Price	Change
0.56377036	0.56408003	0.56353405	0.56408003	+0.00031000
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

The long-term trend has been UP since Mar 1st, 2023 at 0.57266618

The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 0.56757867

The short-term trend has been DOWN since Mar 12th, 2023 at 0.57433999

Smart Scan Analysis for HKDMYR

Based on our trend formula, HKDMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.56377036	0.56408003	0.56353405	0.56408003	+0.00031000
Prev. Close	Volume	Bid	Ask	Time
0.56377036				2023-03-24 20:25:03

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