Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MYRDKK
The long term trend has been UP since Nov 7th, 2019 at 1.6405000
The intermediate term trend has been UP since Dec 20th, 2019 at 1.6288046
The short term trend has been DOWN since Jan 21st, 2020 at 1.6511378
Smart Scan Analysis for MYRDKK
Based on a pre-defined weighted trend formula for chart analysis, MYRDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).