Forex Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)
Bull Market Weakness (+75) - MYRHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRHKD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MYRHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRHKD
The long-term trend has been UP since Jul 22nd, 2020 at 1.8416945
The intermediate-term trend has been UP since Aug 5th, 2020 at 1.8530380
The short-term trend has been DOWN since Sep 22nd, 2020 at 1.8710514
Smart Scan Analysis for MYRHKD
Based on our trend formula, MYRHKD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).