Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 UP since Mar 28th, 2018 at 1.5661
The intermediate term trend has been DOWN since Jun 11th, 2018 at 1.5822
The short term trend has been DOWN since Jul 19th, 2018 at 1.5706
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).