Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
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.
MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been DOWN since Mar 1st, 2023 at 1.5654252
The intermediate-term trend has been DOWN since Feb 14th, 2023 at 1.5866359
The short-term trend has been UP since Mar 15th, 2023 at 1.5543364
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).