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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Malaysian Ringt/Danish Krone (FOREX:MYRDKK)

Weak Uptrend (+65) - MYRDKK is showing signs of weakening momentum to the upside. Monitor MYRDKK as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid MYRDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRDKK
Open High Low MYRDKK Price Change
1.5766808 1.5819946 1.5727078 1.5736394 -0.0030410
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term up The long-term trend has been UP since May 22nd, 2024 at 1.4710429

intermediate term up The intermediate-term trend has been UP since Nov 12th, 2024 at 1.6016893

short term down The short-term trend has been DOWN since Nov 13th, 2024 at 1.5768509

Smart Scan Analysis for MYRDKK

Based on our trend formula, MYRDKK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5766808 1.5819946 1.5727078 1.5736394 -0.0030410
Prev. Close Volume Bid Ask Time
1.5760757 2024-11-19 20:53:49
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