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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)

Weak Downtrend (-65) - MYRHKD is showing signs of a strengthening downtrend. Monitor MYRHKD as it may be building momentum to the downside.

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
1.7396608 1.7406238 1.7338825 1.7358700 -0.0037910
Entry Signal

MarketClub’s Trade Triangles for MYRHKD

long term up The long-term trend has been UP since Jul 11th, 2024 at 1.6751990

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2024 at 1.8076178

short term down The short-term trend has been DOWN since Nov 20th, 2024 at 1.7331244

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).

-70
Smart Scan Analysis for MYRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7396608 1.7406238 1.7338825 1.7358700 -0.0037910
Prev. Close Volume Bid Ask Time
1.7396608 2024-11-21 06:38:08
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