Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Bull Market Weakness (+75) - MYRDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRDKK as it may be in the beginning stages of a reversal.
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 Nov 12th, 2024 at 1.6016893
The short-term trend has been DOWN since Jan 14th, 2025 at 1.6089099
Smart Scan Analysis for MYRDKK
Based on our trend formula, MYRDKK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6078985 | 1.6099627 | 1.6078985 | 1.6095021 | +0.0016040 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6078985 | 2025-01-20 03:21:12 |