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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

Long-Term Uptrend (+90) - MYRKRW is in a strong uptrend that is likely to continue. While MYRKRW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid MYRKRW?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRKRW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRKRW
Open High Low MYRKRW Price Change
292.36356 293.44238 292.22116 292.50213 +0.13857
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term up The long-term trend has been UP since Apr 12th, 2024 at 288.74650

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 283.55487

short term up The short-term trend has been UP since May 28th, 2024 at 290.51282

Smart Scan Analysis for MYRKRW

Based on our trend formula, MYRKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
292.36356 293.44238 292.22116 292.50213 +0.13857
Prev. Close Volume Bid Ask Time
292.36356 2024-05-30 06:50:05
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