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Forex Trend Analysis Report

Prepared for you on Tuesday, September 28, 2021.

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, SHORTSYMBOL 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
1.8555178 1.8638767 1.8528308 1.8610287 +0.0055110
Entry Signal

MarketClub’s Trade Triangles for MYRHKD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 1.8948734

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2021 at 1.8560791

short term down The short-term trend has been DOWN since Sep 27th, 2021 at 1.8523397

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
1.8555178 1.8638767 1.8528308 1.8610287 +0.0055110
Prev. Close Volume Bid Ask Time
1.8555178 2021-09-28 19:08:46
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