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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)
Crossroads (-60) - MYRHKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jul 11th, 2024 at 1.6751990
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 1.8076178
The short-term trend has been DOWN since Oct 22nd, 2024 at 1.7963595
Smart Scan Analysis for MYRHKD
Based on our trend formula, MYRHKD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.7902851 | 1.7926292 | 1.7829609 | 1.7842153 | -0.0060700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.7902851 | 2024-10-25 17:06:35 |