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.
MarketClub’s Trade Triangles for MYRHKD
The long-term trend has been DOWN since Mar 5th, 2021 at 1.8948734
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 1.9042531
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).