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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

South Korean Won/Malaysian Ringt (FOREX:KRWMYR)

Strong Downtrend (-100) - KRWMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, KRWMYR continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid KRWMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for KRWMYR.

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FOREX_KRWMYR
Open High Low KRWMYR Price Change
0.00340917 0.00341645 0.00340230 0.00340342 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for KRWMYR

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.00349980

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.00352856

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.00341940

Smart Scan Analysis for KRWMYR

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

-100
Smart Scan Analysis for KRWMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00340917 0.00341645 0.00340230 0.00340342 -0.00000600
Prev. Close Volume Bid Ask Time
0.00340917 2024-06-19 22:21:25
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