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Forex Trend Analysis Report

Prepared for you on Monday, April 12, 2021.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Sidelines Mode (+55) - HKDMYR 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 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.

FOREX_HKDMYR
Open High Low HKDMYR Price Change
0.53177608 0.53219117 0.53149584 0.53172675 -0.00004900
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term up The long-term trend has been UP since Mar 8th, 2021 at 0.52769087

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2021 at 0.52504611

short term down The short-term trend has been DOWN since Mar 31st, 2021 at 0.53271335

Smart Scan Analysis for HKDMYR

Based on our trend formula, HKDMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.53177608 0.53219117 0.53149584 0.53172675 -0.00004900
Prev. Close Volume Bid Ask Time
0.53177608 2021-04-12 10:49:55
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