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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

Danish Krone/Malaysian Ringt (FOREX:DKKMYR)

Sidelines Mode (+55) - DKKMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.6830441 0.6830941 0.6827303 0.6830941 +0.0000500
Entry Signal

MarketClub’s Trade Triangles for DKKMYR

long term down The long-term trend has been DOWN since May 22nd, 2024 at 0.6797900

intermediate term up The intermediate-term trend has been UP since Jul 5th, 2024 at 0.6837480

short term down The short-term trend has been DOWN since Jul 10th, 2024 at 0.6817266

Smart Scan Analysis for DKKMYR

Based on our trend formula, DKKMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for DKKMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6830441 0.6830941 0.6827303 0.6830941 +0.0000500
Prev. Close Volume Bid Ask Time
0.6830441 2024-07-17 03:41:54
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