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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Crossroads (-60) - HKDMYR is struggling to move into a solid trend. Beware of choppy markets 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
0.59854313 0.59854313 0.59696465 0.59753972 -0.00100300
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term up The long-term trend has been UP since Feb 8th, 2024 at 0.61024280

intermediate term down The intermediate-term trend has been DOWN since Jul 1st, 2024 at 0.60227469

short term down The short-term trend has been DOWN since Jul 1st, 2024 at 0.60364848

Smart Scan Analysis for HKDMYR

Based on our trend formula, HKDMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.59854313 0.59854313 0.59696465 0.59753972 -0.00100300
Prev. Close Volume Bid Ask Time
0.59854313 2024-07-17 23:38:26
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