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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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, SHORTSYMBOL 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.

FOREX_DKKMYR
Open High Low DKKMYR Price Change
0.64979839 0.65021818 0.64934456 0.64983136 +0.00003300
Entry Signal

MarketClub’s Trade Triangles for DKKMYR

long term down The long-term trend has been DOWN since Aug 30th, 2021 at 0.65943239

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2021 at 0.66696722

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 0.64956837

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).

-100
Smart Scan Analysis for DKKMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64979839 0.65021818 0.64934456 0.64983136 +0.00003300
Prev. Close Volume Bid Ask Time
0.64979839 2021-10-22 04:30:03
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