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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Countertrend Down (-85) - HKDMYR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.55474541 0.55474541 0.55334311 0.55334311 -0.00140200
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term down The long-term trend has been DOWN since Apr 28th, 2025 at 0.56127534

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2025 at 0.56751011

short term up The short-term trend has been UP since May 8th, 2025 at 0.55462011

Smart Scan Analysis for HKDMYR

Based on our trend formula, HKDMYR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.55474541 0.55474541 0.55334311 0.55334311 -0.00140200
Prev. Close Volume Bid Ask Time
0.55474541 2025-05-09 03:20:20
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