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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
Sidelines Mode (+55) - MYRKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MYRKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRKRW.
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 MYRKRW
The long-term trend has been UP since Apr 12th, 2024 at 288.74650
The intermediate-term trend has been UP since Mar 18th, 2024 at 283.55487
The short-term trend has been DOWN since Apr 17th, 2024 at 288.56547
Smart Scan Analysis for MYRKRW
Based on our trend formula, MYRKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 287.02963 | 287.15527 | 286.70784 | 286.80762 | -0.22201 |
| Prev. Close | Volume | Bid | Ask | Time |
| 287.02963 | 2024-04-24 02:52:18 |