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Forex Trend Analysis Report

Prepared for you on Sunday, January 24, 2021.

Malaysian Ringt/Danish Krone (FOREX:MYRDKK)

Bear Market Rally (-75) - MYRDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRDKK as it may be in the beginning of a reversal.

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
1.5134974 1.5141746 1.5104208 1.5121450 -0.0013520
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term down The long-term trend has been DOWN since Dec 17th, 2020 at 1.4988426

intermediate term up The intermediate-term trend has been UP since Jan 3rd, 2021 at 1.5170872

short term down The short-term trend has been DOWN since Jan 19th, 2021 at 1.5179241

Smart Scan Analysis for MYRDKK

Based on our trend formula, MYRDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5134974 1.5141746 1.5104208 1.5121450 -0.0013520
Prev. Close Volume Bid Ask Time
1.5134974 2021-01-22 13:46:58
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