Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Strong Uptrend (+100) - DKKMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, DKKMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid DKKMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKMYR
The long-term trend has been UP since Apr 19th, 2021 at 0.66732952
The intermediate-term trend has been UP since Apr 13th, 2021 at 0.66300565
The short-term trend has been UP since Apr 5th, 2021 at 0.65628907
Smart Scan Analysis for DKKMYR
Based on our trend formula, DKKMYR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).