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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 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 DOWN since Nov 3rd, 2024 at 313.38951
The short-term trend has been UP since Nov 20th, 2024 at 312.47850
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 |
|---|---|---|---|---|
| 313.03661 | 314.02465 | 312.75596 | 313.06495 | +0.02834 |
| Prev. Close | Volume | Bid | Ask | Time |
| 313.03661 | 2024-11-21 07:09:22 |