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Forex Trend Analysis Report

Prepared for you on Friday, August 12, 2022.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Sidelines Mode (+55) - HKDMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_HKDMYR
Open High Low HKDMYR Price Change
0.56635677 0.56635677 0.56620917 0.56620917 -0.00014800
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term up The long-term trend has been UP since Apr 18th, 2022 at 0.54177212

intermediate term up The intermediate-term trend has been UP since May 18th, 2022 at 0.56026691

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 0.56724687

Smart Scan Analysis for HKDMYR

Based on our trend formula, HKDMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56635677 0.56635677 0.56620917 0.56620917 -0.00014800
Prev. Close Volume Bid Ask Time
0.56635677 2022-08-12 00:11:11
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