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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

Weak Downtrend (-65) - MYRKRW is showing signs of a strengthening downtrend. Monitor MYRKRW as it may be building momentum to the downside.

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.

FOREX_MYRKRW
Open High Low MYRKRW Price Change
288.78401 289.25813 288.60449 289.25813 +0.47412
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term up The long-term trend has been UP since Aug 30th, 2022 at 301.72186

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2023 at 289.78383

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 290.34552

Smart Scan Analysis for MYRKRW

Based on our trend formula, MYRKRW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
288.78401 289.25813 288.60449 289.25813 +0.47412
Prev. Close Volume Bid Ask Time
288.78401 2023-03-23 00:36:58
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