Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for MYRDKK
The long term trend has been UP since Nov 7th, 2019 at 1.6405000
The intermediate term trend has been UP since Nov 5th, 2019 at 1.6231510
The short term trend has been DOWN since Nov 13th, 2019 at 1.6329993
Smart Scan Analysis for MYRDKK
Based on a pre-defined weighted trend formula for chart analysis, MYRDKK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).