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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Australian Dollar/Danish Krone (FOREX:AUDDKK)
Bull Market Weakness (+75) - AUDDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDDKK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid AUDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for AUDDKK
The long-term trend has been UP since May 3rd, 2024 at 4.5782
The intermediate-term trend has been UP since Apr 26th, 2024 at 4.5570
The short-term trend has been DOWN since May 7th, 2024 at 4.5641
Smart Scan Analysis for AUDDKK
Based on our trend formula, AUDDKK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.56495 | 4.57000 | 4.55210 | 4.56455 | -0.00040 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.56495 | 2024-05-08 22:33:29 |