Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Strong Downtrend (-100) - DKKMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKMYR continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for DKKMYR
The long-term trend has been DOWN since Aug 30th, 2021 at 0.65943239
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.62245475
The short-term trend has been DOWN since Jun 28th, 2022 at 0.62392920
Smart Scan Analysis for DKKMYR
Based on our trend formula, DKKMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).