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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.

FOREX_MYRDKK
Open High Low MYRDKK Price Change
1.6204751 1.6208664 1.6176526 1.6191762 -0.0012990
Entry Signal

MarketClub’s Trade Triangles for MYRDKK

long term up The long term trend has been UP since Nov 7th, 2019 at 1.6405000

intermediate term up The intermediate term trend has been UP since Nov 5th, 2019 at 1.6231510

short term down 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).

+55
Smart Scan Analysis for MYRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6204751 1.6208664 1.6176526 1.6191762 -0.0012990
Prev. Close Volume Bid Ask Time
1.6204751 1.6182060 1.6201463 2019-11-22 05:27:21
Want to analyze Malaysian Ringt/Danish Krone MYRDKK or another symbol? Try our Free Forex Trend Analysis Report.