Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
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 Mar 7th, 2023 at 1.7419185
The intermediate-term trend has been UP since Nov 3rd, 2023 at 1.6660633
The short-term trend has been UP since Nov 28th, 2023 at 1.6710441
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).