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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)

Bull Market Weakness (+75) - MYRHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRHKD as it may be in the beginning stages 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
1.7980422 1.8075352 1.7962554 1.8060756 +0.0080330
Entry Signal

MarketClub’s Trade Triangles for MYRHKD

long term down The long-term trend has been DOWN since Feb 10th, 2020 at 1.8666176

intermediate term up The intermediate-term trend has been UP since Apr 30th, 2020 at 1.8059768

short term up The short-term trend has been UP since May 26th, 2020 at 1.7801699

Smart Scan Analysis for MYRHKD

Based on our trend formula, MYRHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MYRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7980422 1.8075352 1.7962554 1.8060756 +0.0080330
Prev. Close Volume Bid Ask Time
1.7980422 1.8056586 1.8064926 2020-06-02 05:44:25
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