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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

Danish Krone/Malaysian Ringt (FOREX:DKKMYR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_DKKMYR
Open High Low DKKMYR Price Change
0.646765 0.647535 0.644755 0.644755 -0.002010
Entry Signal

MarketClub’s Trade Triangles for DKKMYR

long term down The long term trend has been DOWN since Nov 1st, 2017 at 0.660075

intermediate term down The intermediate term trend has been DOWN since Nov 1st, 2017 at 0.660075

short term up The short term trend has been UP since Dec 13th, 2017 at 0.646565

Smart Scan Analysis for DKKMYR

Based on a pre-defined weighted trend formula for chart analysis, DKKMYR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for DKKMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.646765 0.647535 0.644755 0.644755 -0.002010
Prev. Close Volume Bid Ask Time
0.646765 0.644400 0.645110 2017-12-15 12:47:05
Want to analyze Danish Krone/Malaysian Ringt DKKMYR or another symbol? Try our Free Forex Trend Analysis Report.