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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)
Countertrend Up (+85) - MYRHKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for MYRHKD
The long-term trend has been UP since Apr 30th, 2025 at 1.8026449
The intermediate-term trend has been UP since Apr 29th, 2025 at 1.7992439
The short-term trend has been DOWN since May 8th, 2025 at 1.8226194
Smart Scan Analysis for MYRHKD
Based on our trend formula, MYRHKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8079038 | 1.8118640 | 1.8069943 | 1.8106085 | +0.0027050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8079038 | 2025-05-09 03:07:59 |