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.
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 DOWN since Feb 26th, 2021 at 1.9042531
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).