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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.

FOREX_HKDMYR
Open High Low HKDMYR Price Change
0.56182667 0.56192410 0.56173260 0.56183956 +0.00001300
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term up The long-term trend has been UP since Apr 18th, 2022 at 0.54177212

intermediate term up The intermediate-term trend has been UP since May 18th, 2022 at 0.56026691

short term up 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).

+90
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56182667 0.56192410 0.56173260 0.56183956 +0.00001300
Prev. Close Volume Bid Ask Time
0.56182667 2022-07-01 06:02:24
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