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.
MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been DOWN since Dec 17th, 2020 at 1.4988426
The intermediate-term trend has been UP since Mar 4th, 2021 at 1.5310241
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).