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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

Malaysian Ringt/Danish Krone (FOREX:MYRDKK)

Strong Downtrend (-100) - MYRDKK 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 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
1.6374498 1.6481080 1.6256375 1.6278266 -0.0096230
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term down The long-term trend has been DOWN since Feb 18th, 2020 at 1.6039316

intermediate term down The intermediate-term trend has been DOWN since Feb 2nd, 2020 at 1.6441255

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 1.6616842

Smart Scan Analysis for MYRDKK

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

-100
Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6374498 1.6481080 1.6256375 1.6278266 -0.0096230
Prev. Close Volume Bid Ask Time
1.6374498 1.6268634 1.6287898 2020-02-24 23:21:08
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