Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, February 27, 2021.

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.

FOREX_HKDMYR
Open High Low HKDMYR Price Change
0.52218311 0.52218311 0.52176996 0.52176996 -0.00041300
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 Feb 15th, 2021 at 0.52053941

short term up The short-term trend has been UP since Feb 25th, 2021 at 0.52197186

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).

-85
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52218311 0.52218311 0.52176996 0.52176996 -0.00041300
Prev. Close Volume Bid Ask Time
0.52218311 2021-02-26 04:53:00
Get a free daily analysis and signals for Hong Kong Dollar/Malaysian Ringt (HKDMYR) - Request Your Free Report.