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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.
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MarketClub’s Trade Triangles for DKKMYR
The long-term trend has been DOWN since May 22nd, 2024 at 0.67979000
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 0.62434103
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).
| 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 |