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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.

Open High Low MYRDKK Price Change
1.57375 1.57590 1.56295 1.56480 -0.00895
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term up The long term trend has been UP since Mar 28th, 2018 at 1.5661

intermediate term down The intermediate term trend has been DOWN since Jun 11th, 2018 at 1.5822

short term down 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).

Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.57375 1.57590 1.56295 1.56480 -0.00895
Prev. Close Volume Bid Ask Time
1.57375 1.56380 1.56580 2018-07-20 18:27:34
Want to analyze Malaysian Ringt/Danish Krone MYRDKK or another symbol? Try our Free Forex Trend Analysis Report.