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.
MarketClub’s Trade Triangles for MYRHKD
The long-term trend has been DOWN since Feb 10th, 2020 at 1.8666176
The intermediate-term trend has been UP since Apr 30th, 2020 at 1.8059768
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).