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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

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
281.52797 281.67918 281.32719 281.40332 -0.12465
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term down The long-term trend has been DOWN since Nov 3rd, 2023 at 278.43486

intermediate term down The intermediate-term trend has been DOWN since Jan 30th, 2024 at 280.88872

short term up The short-term trend has been UP since Feb 27th, 2024 at 279.29746

Smart Scan Analysis for MYRKRW

Based on our trend formula, MYRKRW is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
281.52797 281.67918 281.32719 281.40332 -0.12465
Prev. Close Volume Bid Ask Time
281.52797 2024-03-04 03:00:11
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