Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, December 2, 2024.

Danish Krone/Malaysian Ringt (FOREX:DKKMYR)

Long-Term Downtrend (-90) - DKKMYR is in a strong downtrend that is likely to continue. While DKKMYR is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_DKKMYR
Open High Low DKKMYR Price Change
0.62946825 0.63009077 0.62784874 0.62899370 -0.00047500
Entry Signal

MarketClub’s Trade Triangles for DKKMYR

long term down The long-term trend has been DOWN since May 22nd, 2024 at 0.67979000

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2024 at 0.62434103

short term down The short-term trend has been DOWN since Dec 2nd, 2024 at 0.62798452

Smart Scan Analysis for DKKMYR

Based on our trend formula, DKKMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DKKMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.62946825 0.63009077 0.62784874 0.62899370 -0.00047500
Prev. Close Volume Bid Ask Time
0.62946825 2024-12-02 22:18:09
Get a free daily analysis and signals for Danish Krone/Malaysian Ringt (DKKMYR) - Request Your Free Report.