Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
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 Mar 1st, 2023 at 0.57266618
The intermediate-term trend has been UP since Aug 7th, 2023 at 0.58599007
The short-term trend has been UP since Sep 25th, 2023 at 0.60017192
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).