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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Bull Market Weakness (+75) - HKDMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDMYR as it may be in the beginning stages of a reversal.

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
0.57571564 0.57630588 0.57514103 0.57533525 -0.00038000
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term up The long-term trend has been UP since Nov 4th, 2024 at 0.58502769

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.55192574

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 0.57651219

Smart Scan Analysis for HKDMYR

Based on our trend formula, HKDMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.57571564 0.57630588 0.57514103 0.57533525 -0.00038000
Prev. Close Volume Bid Ask Time
0.57571564 2024-12-26 04:54:52
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