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Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2024.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Long-Term Uptrend (+90) - MYRDKK is in a strong uptrend that is likely to continue. While MYRDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been UP since May 22nd, 2024 at 1.4710429
The intermediate-term trend has been UP since Nov 12th, 2024 at 1.6016893
The short-term trend has been UP since Dec 10th, 2024 at 1.6000367
Smart Scan Analysis for MYRDKK
Based on our trend formula, MYRDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6005539 | 1.6043459 | 1.6004425 | 1.6008655 | +0.0003120 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6005539 | 2024-12-11 23:42:14 |