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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Strong Downtrend (-100) - DKKMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKMYR continues to fall. Traders should use caution and set stops.
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 DOWN since May 22nd, 2024 at 0.67979000
The intermediate-term trend has been DOWN since Jan 24th, 2025 at 0.61620012
The short-term trend has been DOWN since Feb 4th, 2025 at 0.61462525
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.61551542 | 0.61806588 | 0.61420968 | 0.61652367 | +0.00100800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.61551542 | 2025-02-04 23:00:27 |