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.
MarketClub’s Trade Triangles for DKKMYR
The long-term trend has been UP since Feb 18th, 2020 at 0.62346823
The intermediate-term trend has been UP since May 18th, 2020 at 0.63802925
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).