Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Strong Downtrend (-100) - MYRDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been DOWN since Feb 18th, 2020 at 1.6039316
The intermediate-term trend has been DOWN since Feb 2nd, 2020 at 1.6441255
The short-term trend has been DOWN since Feb 17th, 2020 at 1.6616842
Smart Scan Analysis for MYRDKK
Based on our trend formula, MYRDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).