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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)

Sidelines Mode (-55) - MYRHKD 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 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.

FOREX_MYRHKD
Open High Low MYRHKD Price Change
1.9075554 1.9205326 1.8986994 1.9096230 +0.0020680
Entry Signal

MarketClub’s Trade Triangles for MYRHKD

long term up The long-term trend has been UP since Jul 22nd, 2020 at 1.8416945

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 1.9042531

short term up The short-term trend has been UP since Feb 25th, 2021 at 1.9247304

Smart Scan Analysis for MYRHKD

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

-55
Smart Scan Analysis for MYRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9075554 1.9205326 1.8986994 1.9096230 +0.0020680
Prev. Close Volume Bid Ask Time
1.9075554 2021-02-26 17:11:30
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