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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.

FOREX_MYRDKK
Open High Low MYRDKK Price Change
1.5374299 1.5376206 1.5357045 1.5371448 -0.0002850
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term up The long-term trend has been UP since Aug 30th, 2021 at 1.5164562

intermediate term up The intermediate-term trend has been UP since Aug 8th, 2021 at 1.4993246

short term down 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).

+85
Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5374299 1.5376206 1.5357045 1.5371448 -0.0002850
Prev. Close Volume Bid Ask Time
1.5374299 2021-10-20 04:12:59
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