Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 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.
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 Nov 5th, 2023 at 0.60037703
The short-term trend has been DOWN since Nov 27th, 2023 at 0.59999179
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).