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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Danish Krone/Malaysian Ringt (FOREX:DKKMYR)

Sidelines Mode (+55) - DKKMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_DKKMYR
Open High Low DKKMYR Price Change
0.6834844 0.6847600 0.6834844 0.6847134 +0.0012290
Entry Signal

MarketClub’s Trade Triangles for DKKMYR

long term up The long-term trend has been UP since Nov 14th, 2023 at 0.6846701

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.6803142

short term up The short-term trend has been UP since Apr 17th, 2024 at 0.6824174

Smart Scan Analysis for DKKMYR

Based on our trend formula, DKKMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for DKKMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6834844 0.6847600 0.6834844 0.6847134 +0.0012290
Prev. Close Volume Bid Ask Time
0.6834844 2024-04-18 05:24:16
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