Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Long-Term Downtrend (-90) - KRWMYR is in a strong downtrend that is likely to continue. While KRWMYR is showing intraday strength, it remains in the confines of a bearish trend. 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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for KRWMYR
The long-term trend has been DOWN since Apr 1st, 2024 at 0.00349980
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.00352856
The short-term trend has been DOWN since Jul 23rd, 2024 at 0.00336981
Smart Scan Analysis for KRWMYR
Based on our trend formula, KRWMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00336179 | 0.00336179 | 0.00335789 | 0.00335995 | -0.00000200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00336179 | 2024-07-26 05:30:45 |