Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

South Korean Won/Malaysian Ringt (FOREX:KRWMYR)

Long-Term Downtrend (-90) - KRWMYR is in a strong downtrend that is likely to continue. While KRWMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid KRWMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for KRWMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_KRWMYR
Open High Low KRWMYR Price Change
0.00341813 0.00341878 0.00340242 0.00341184 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for KRWMYR

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.00349980

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.00352856

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.00341940

Smart Scan Analysis for KRWMYR

Based on our trend formula, KRWMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for KRWMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00341813 0.00341878 0.00340242 0.00341184 -0.00000600
Prev. Close Volume Bid Ask Time
0.00341813 2024-06-14 16:05:01
Get a free daily analysis and signals for South Korean Won/Malaysian Ringt (KRWMYR) - Request Your Free Report.