Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
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 5th, 2021 at 1.8948734
The intermediate-term trend has been UP since Oct 13th, 2021 at 1.8694098
The short-term trend has been UP since Oct 19th, 2021 at 1.8744765
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).