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Forex Trend Analysis Report

Prepared for you on Friday, December 13, 2024.

South Korean Won/Malaysian Ringt (FOREX:KRWMYR)

Countertrend Down (-85) - KRWMYR 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 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.

FOREX_KRWMYR
Open High Low KRWMYR Price Change
0.00310763 0.00311009 0.00310072 0.00310311 -0.00000500
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 Nov 12th, 2024 at 0.00312010

short term up The short-term trend has been UP since Dec 12th, 2024 at 0.00310368

Smart Scan Analysis for KRWMYR

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

-85
Smart Scan Analysis for KRWMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00310763 0.00311009 0.00310072 0.00310311 -0.00000500
Prev. Close Volume Bid Ask Time
0.00310763 2024-12-13 04:58:54
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