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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Countertrend Up (+85) - MYRDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been UP since May 22nd, 2024 at 1.4710429
The intermediate-term trend has been UP since Jan 24th, 2025 at 1.6228499
The short-term trend has been UP since Feb 19th, 2025 at 1.6076972
Smart Scan Analysis for MYRDKK
Based on our trend formula, MYRDKK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6081513 | 1.6134055 | 1.6081513 | 1.6134055 | +0.0052540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6081513 | 2025-02-21 15:25:07 |