Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for MYRDKK
The long term trend has been UP since Dec 4th, 2018 at 1.58965
The intermediate term trend has been UP since Jan 2nd, 2019 at 1.58435
The short term trend has been DOWN since Feb 17th, 2019 at 1.61670
Smart Scan Analysis for MYRDKK
Based on a pre-defined weighted trend formula for chart analysis, MYRDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).