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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Countertrend Down (-85) - DKKMYR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Jul 25th, 2024 at 0.67723390
The short-term trend has been UP since Oct 22nd, 2024 at 0.62783606
Smart Scan Analysis for DKKMYR
Based on our trend formula, DKKMYR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.63086156 | 0.63100316 | 0.62795711 | 0.62795711 | -0.00290400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.63086156 | 2024-10-25 17:06:22 |