Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.
MarketClub’s Trade Triangles for MYRDKK
The long term trend has been DOWN since Aug 28th, 2018 at 1.55145
The intermediate term trend has been UP since Oct 2nd, 2018 at 1.56035
The short term trend has been UP since Oct 17th, 2018 at 1.55650
Smart Scan Analysis for MYRDKK
Based on a pre-defined weighted trend formula for chart analysis, MYRDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).