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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)

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

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

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

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

FOREX_MYRHKD
Open High Low MYRHKD Price Change
1.7613054 1.7701516 1.7582104 1.7599974 -0.0013080
Entry Signal

MarketClub’s Trade Triangles for MYRHKD

long term down The long-term trend has been DOWN since Apr 14th, 2022 at 1.8352094

intermediate term down The intermediate-term trend has been DOWN since Jul 5th, 2022 at 1.7579596

short term up The short-term trend has been UP since Aug 9th, 2022 at 1.7692138

Smart Scan Analysis for MYRHKD

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

-75
Smart Scan Analysis for MYRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7613054 1.7701516 1.7582104 1.7599974 -0.0013080
Prev. Close Volume Bid Ask Time
1.7613054 2022-08-09 16:53:59
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