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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

Bull Market Weakness (+75) - MYRKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRKRW as it may be in the beginning stages of a reversal.

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
295.91697 296.92999 295.64697 295.83503 -0.08194
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term up The long-term trend has been UP since Apr 12th, 2024 at 288.74650

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 283.55487

short term down The short-term trend has been DOWN since Jul 22nd, 2024 at 295.62279

Smart Scan Analysis for MYRKRW

Based on our trend formula, MYRKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
295.91697 296.92999 295.64697 295.83503 -0.08194
Prev. Close Volume Bid Ask Time
295.91697 2024-07-23 19:21:16
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