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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)

Strong Downtrend (-100) - MYRHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MYRHKD continues to fall. Traders should use caution and set stops.

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
1.7557294 1.7567449 1.7450916 1.7482443 -0.0074850
Entry Signal

MarketClub’s Trade Triangles for MYRHKD

long term down The long-term trend has been DOWN since Apr 14th, 2022 at 1.8352094

intermediate term down The intermediate-term trend has been DOWN since Jul 5th, 2022 at 1.7579596

short term down The short-term trend has been DOWN since Aug 12th, 2022 at 1.7559521

Smart Scan Analysis for MYRHKD

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

-100
Smart Scan Analysis for MYRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7557294 1.7567449 1.7450916 1.7482443 -0.0074850
Prev. Close Volume Bid Ask Time
1.7557294 2022-08-15 06:17:17
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