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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Danish Krone/United Arab Emirates Dirham (FOREX:DKKAED)

Weak Downtrend (-65) - DKKAED is showing signs of a strengthening downtrend. Monitor DKKAED as it may be building momentum to the downside.

Is it time to buy, sell, or avoid DKKAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKAED
Open High Low DKKAED Price Change
0.52921182 0.52921182 0.52898860 0.52898860 -0.00022300
Entry Signal

MarketClub’s Trade Triangles for DKKAED

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 0.52740492

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.53311779

short term up The short-term trend has been UP since May 2nd, 2024 at 0.52825316

Smart Scan Analysis for DKKAED

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

-65
Smart Scan Analysis for DKKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52921182 0.52921182 0.52898860 0.52898860 -0.00022300
Prev. Close Volume Bid Ask Time
0.52921182 2024-05-09 01:58:25
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