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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Malaysian Ringt/Danish Krone (FOREX:MYRDKK)

Sidelines Mode (-55) - MYRDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
1.4630916 1.4630916 1.4603660 1.4604654 -0.0026260
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 1.4605578

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 1.4699094

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 1.4653792

Smart Scan Analysis for MYRDKK

Based on our trend formula, MYRDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4630916 1.4630916 1.4603660 1.4604654 -0.0026260
Prev. Close Volume Bid Ask Time
1.4630916 2024-04-18 05:24:16
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