Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Countertrend Up (+85) - MYRDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MYRDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been UP since Aug 30th, 2021 at 1.5164562
The intermediate-term trend has been UP since Aug 8th, 2021 at 1.4993246
The short-term trend has been DOWN since Oct 15th, 2021 at 1.5415590
Smart Scan Analysis for MYRDKK
Based on our trend formula, MYRDKK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).