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Forex Trend Analysis Report

Prepared for you on Tuesday, August 11, 2020.

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
0.66274328 0.66453108 0.66087795 0.66107436 -0.00166900
Entry Signal

MarketClub’s Trade Triangles for DKKMYR

long term up The long-term trend has been UP since Feb 18th, 2020 at 0.62346823

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 0.63802925

short term down The short-term trend has been DOWN since Aug 3rd, 2020 at 0.66894536

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
0.66274328 0.66453108 0.66087795 0.66107436 -0.00166900
Prev. Close Volume Bid Ask Time
0.66274328 0.66068053 0.66146818 2020-08-11 20:58:46
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