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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

South Korean Won/Malaysian Ringt (FOREX:KRWMYR)

Sidelines Mode (+55) - KRWMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.00343751 0.00345027 0.00343608 0.00345027 +0.00001300
Entry Signal

MarketClub’s Trade Triangles for KRWMYR

long term up The long-term trend has been UP since Nov 8th, 2022 at 0.00343687

intermediate term down The intermediate-term trend has been DOWN since Jan 26th, 2023 at 0.00344431

short term up The short-term trend has been UP since Jan 19th, 2023 at 0.00350333

Smart Scan Analysis for KRWMYR

Based on our trend formula, KRWMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for KRWMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00343751 0.00345027 0.00343608 0.00345027 +0.00001300
Prev. Close Volume Bid Ask Time
0.00343751 2023-01-27 19:35:28
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