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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2019.

Malaysian Ringt/Danish Krone (FOREX:MYRDKK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MYRDKK
Open High Low MYRDKK Price Change
1.59420 1.59630 1.59215 1.59255 -0.00165
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term down The long term trend has been DOWN since May 13th, 2019 at 1.58765

intermediate term down The intermediate term trend has been DOWN since Apr 11th, 2019 at 1.60560

short term up The short term trend has been UP since Jun 13th, 2019 at 1.59125

Smart Scan Analysis for MYRDKK

Based on a pre-defined weighted trend formula for chart analysis, MYRDKK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.59420 1.59630 1.59215 1.59255 -0.00165
Prev. Close Volume Bid Ask Time
1.59420 1.59180 1.59330 2019-06-20 09:17:36
Want to analyze Malaysian Ringt/Danish Krone MYRDKK or another symbol? Try our Free Forex Trend Analysis Report.