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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.

FOREX_MYRHKD
Open High Low MYRHKD Price Change
1.8678306 1.8759215 1.8673347 1.8743788 +0.0065480
Entry Signal

MarketClub’s Trade Triangles for MYRHKD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 1.8948734

intermediate term up The intermediate-term trend has been UP since Oct 13th, 2021 at 1.8694098

short term up 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).

+70
Smart Scan Analysis for MYRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8678306 1.8759215 1.8673347 1.8743788 +0.0065480
Prev. Close Volume Bid Ask Time
1.8734987 2021-10-22 17:01:08
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