Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)
Long-Term Uptrend (+90) - HKDMYR is in a strong uptrend that is likely to continue. While HKDMYR 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 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.
MarketClub’s Trade Triangles for HKDMYR
The long-term trend has been UP since Apr 18th, 2022 at 0.54177212
The intermediate-term trend has been UP since May 18th, 2022 at 0.56026691
The short-term trend has been UP since Jun 30th, 2022 at 0.56137596
Smart Scan Analysis for HKDMYR
Based on our trend formula, HKDMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).