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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Crossroads (+60) - DKKMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for DKKMYR
The long-term trend has been UP since Nov 14th, 2023 at 0.6846701
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.6803142
The short-term trend has been DOWN since Apr 28th, 2024 at 0.6843194
Smart Scan Analysis for DKKMYR
Based on our trend formula, DKKMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6855418 | 0.6858016 | 0.6855418 | 0.6858016 | +0.0002600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6855418 | 2024-05-01 16:48:34 |