Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)

Strong Downtrend (-100) - MYRHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
1.9001434 1.9079408 1.8939597 1.9025098 +0.0023660
Entry Signal

MarketClub’s Trade Triangles for MYRHKD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 1.8948734

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 1.9042531

short term down The short-term trend has been DOWN since Mar 4th, 2021 at 1.9030863

Smart Scan Analysis for MYRHKD

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

-100
Smart Scan Analysis for MYRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9001434 1.9079408 1.8939597 1.9025098 +0.0023660
Prev. Close Volume Bid Ask Time
1.9001434 2021-03-05 17:00:57
Get a free daily analysis and signals for Malaysian Ringt/Hong Kong Dollar (MYRHKD) - Request Your Free Report.