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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Strong Uptrend (+100) - HKDMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HKDMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.60325123 0.60422245 0.60324731 0.60413312 +0.00088200
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term up The long-term trend has been UP since Feb 8th, 2024 at 0.61024280

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 0.60435461

short term up The short-term trend has been UP since Jun 9th, 2024 at 0.60195886

Smart Scan Analysis for HKDMYR

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

+100
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60325123 0.60422245 0.60324731 0.60413312 +0.00088200
Prev. Close Volume Bid Ask Time
0.60325123 2024-06-14 16:05:01
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