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.
MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been DOWN since Dec 17th, 2020 at 1.4988426
The intermediate-term trend has been UP since Jan 3rd, 2021 at 1.5170872
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).