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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Malaysian Ringt/Danish Krone (FOREX:MYRDKK)

Weak Uptrend (+65) - MYRDKK is showing signs of weakening momentum to the upside. Monitor MYRDKK as it may be in the beginning stages 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
1.4746311 1.4825345 1.4743559 1.4766187 +0.0019880
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term up The long-term trend has been UP since May 22nd, 2024 at 1.4710429

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 1.4542826

short term up The short-term trend has been UP since Jun 13th, 2024 at 1.4732503

Smart Scan Analysis for MYRDKK

Based on our trend formula, MYRDKK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4746311 1.4825345 1.4743559 1.4766187 +0.0019880
Prev. Close Volume Bid Ask Time
1.4746311 2024-06-14 16:05:01
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