Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Malaysian Ringt/Danish Krone (FOREX:MYRDKK)

Crossroads (+60) - MYRDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
1.5264444 1.5281198 1.5224072 1.5224072 -0.0040370
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term down The long-term trend has been DOWN since Dec 17th, 2020 at 1.4988426

intermediate term up The intermediate-term trend has been UP since Mar 4th, 2021 at 1.5310241

short term up The short-term trend has been UP since Mar 4th, 2021 at 1.5268338

Smart Scan Analysis for MYRDKK

Based on our trend formula, MYRDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5264444 1.5281198 1.5224072 1.5224072 -0.0040370
Prev. Close Volume Bid Ask Time
1.5264444 2021-03-08 20:42:50
Get a free daily analysis and signals for Malaysian Ringt/Danish Krone (MYRDKK) - Request Your Free Report.