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Forex Trend Analysis Report

Prepared for you on Saturday, October 19, 2019.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_HKDMYR
Open High Low HKDMYR Price Change
0.53393297 0.53480810 0.53265518 0.53365429 -0.00027900
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term up The long term trend has been UP since Apr 16th, 2019 at 0.529725

intermediate term up The intermediate term trend has been UP since Oct 3rd, 2019 at 0.536610

short term down The short term trend has been DOWN since Oct 17th, 2019 at 0.532751

Smart Scan Analysis for HKDMYR

Based on a pre-defined weighted trend formula for chart analysis, HKDMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.53393297 0.53480810 0.53265518 0.53365429 -0.00027900
Prev. Close Volume Bid Ask Time
0.53393297 0.53333554 0.53397303 2019-10-17 23:09:08
Want to analyze Hong Kong Dollar/Malaysian Ringt HKDMYR or another symbol? Try our Free Forex Trend Analysis Report.