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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)

Long-Term Uptrend (+90) - MYRHKD is in a strong uptrend that is likely to continue. While MYRHKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1.6705663 1.6711012 1.6703314 1.6703551 -0.0002110
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 up The intermediate-term trend has been UP since Jul 11th, 2024 at 1.6664546

short term up The short-term trend has been UP since Jul 23rd, 2024 at 1.6712388

Smart Scan Analysis for MYRHKD

Based on our trend formula, MYRHKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MYRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6705663 1.6711012 1.6703314 1.6703551 -0.0002110
Prev. Close Volume Bid Ask Time
1.6705663 2024-07-25 00:39:20
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