Forex Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)
Weak Downtrend (-65) - HKDMYR is showing signs of a strengthening downtrend. Monitor HKDMYR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid HKDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDMYR.
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 HKDMYR
The long-term trend has been UP since Feb 8th, 2024 at 0.61024280
The intermediate-term trend has been DOWN since Apr 17th, 2024 at 0.60319442
The short-term trend has been DOWN since May 2nd, 2024 at 0.60899791
Smart Scan Analysis for HKDMYR
Based on our trend formula, HKDMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.60678369 | 0.60678369 | 0.60618349 | 0.60618349 | -0.00060000 |
Prev. Close | Volume | Bid | Ask | Time |
0.60678369 | 2024-05-06 05:10:57 |