Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Countertrend Down (-85) - MYRDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been DOWN since Feb 18th, 2020 at 1.6039316
The intermediate-term trend has been DOWN since May 18th, 2020 at 1.5673268
The short-term trend has been UP since May 22nd, 2020 at 1.5715244
Smart Scan Analysis for MYRDKK
Based on our trend formula, MYRDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).