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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.
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MarketClub’s Trade Triangles for MYRHKD
The long-term trend has been DOWN since Apr 14th, 2022 at 1.8352094
The intermediate-term trend has been DOWN since Jul 5th, 2022 at 1.7579596
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).
| 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 |