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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.

FOREX_DKKMYR
Open High Low DKKMYR Price Change
0.6734514 0.6736269 0.6730942 0.6734664 +0.0000150
Entry Signal

MarketClub’s Trade Triangles for DKKMYR

long term up The long-term trend has been UP since Apr 19th, 2021 at 0.66732952

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2021 at 0.66300565

short term up 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).

+100
Smart Scan Analysis for DKKMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6734514 0.6736269 0.6730942 0.6734664 +0.0000150
Prev. Close Volume Bid Ask Time
0.6734514 2021-05-12 04:36:07
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