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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

South Korean Won/Malaysian Ringt (FOREX:KRWMYR)

Bear Market Rally (-75) - KRWMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWMYR as it may be in the beginning of a reversal.

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
0.00350913 0.00351975 0.00350913 0.00351975 +0.00001100
Entry Signal

MarketClub’s Trade Triangles for KRWMYR

long term down The long-term trend has been DOWN since Aug 12th, 2021 at 0.00362832

intermediate term down The intermediate-term trend has been DOWN since Aug 11th, 2021 at 0.00365855

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.00349628

Smart Scan Analysis for KRWMYR

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

-75
Smart Scan Analysis for KRWMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00350913 0.00351975 0.00350913 0.00351975 +0.00001100
Prev. Close Volume Bid Ask Time
0.00350913 2021-10-18 15:46:04
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