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Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Long-Term Downtrend (-90) - MYRDKK is in a strong downtrend that is likely to continue. While MYRDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been DOWN since Mar 1st, 2023 at 1.5654252
The intermediate-term trend has been DOWN since Feb 14th, 2023 at 1.5866359
The short-term trend has been DOWN since Mar 29th, 2023 at 1.5599236
Smart Scan Analysis for MYRDKK
Based on our trend formula, MYRDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5492506 | 1.5506875 | 1.5489224 | 1.5503688 | +0.0011180 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5492506 | 2023-03-31 05:57:16 |