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Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)
Bear Market Rally (-75) - MYRHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRHKD as it may be in the beginning 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.
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MarketClub’s Trade Triangles for MYRHKD
The long-term trend has been DOWN since Apr 14th, 2022 at 1.8352094
The intermediate-term trend has been DOWN since Jul 5th, 2022 at 1.7579596
The short-term trend has been UP since Aug 9th, 2022 at 1.7692138
Smart Scan Analysis for MYRHKD
Based on our trend formula, MYRHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.7613054 | 1.7701516 | 1.7582104 | 1.7599974 | -0.0013080 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.7613054 | 2022-08-09 16:53:59 |