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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Danish Krone/Malaysian Ringt (FOREX:DKKMYR)

Weak Downtrend (-65) - DKKMYR is showing signs of a strengthening downtrend. Monitor DKKMYR as it may be building momentum to the downside.

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

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

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

FOREX_DKKMYR
Open High Low DKKMYR Price Change
0.6832906 0.6835149 0.6818254 0.6818450 -0.0014460
Entry Signal

MarketClub’s Trade Triangles for DKKMYR

long term up The long-term trend has been UP since Nov 14th, 2023 at 0.6846701

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.6803142

short term down The short-term trend has been DOWN since May 2nd, 2024 at 0.6815519

Smart Scan Analysis for DKKMYR

Based on our trend formula, DKKMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for DKKMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6832906 0.6835149 0.6818254 0.6818450 -0.0014460
Prev. Close Volume Bid Ask Time
0.6832906 2024-05-09 05:38:06
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