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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

Long-Term Uptrend (+90) - MYRKRW is in a strong uptrend that is likely to continue. While MYRKRW 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 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
285.49691 285.55983 284.96974 285.11129 -0.38562
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term up The long-term trend has been UP since Mar 18th, 2020 at 292.91570

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 284.38913

short term up The short-term trend has been UP since Jun 2nd, 2020 at 285.54352

Smart Scan Analysis for MYRKRW

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

+90
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
285.49691 285.55983 284.96974 285.11129 -0.38562
Prev. Close Volume Bid Ask Time
285.49691 285.05535 285.16723 2020-06-02 04:27:52
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