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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Danish Krone/Australian Dollar (FOREX:DKKAUD)
Countertrend Down (-85) - DKKAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid DKKAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKAUD.
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 DKKAUD
The long-term trend has been DOWN since May 3rd, 2024 at 0.21843028
The intermediate-term trend has been DOWN since Apr 26th, 2024 at 0.21940740
The short-term trend has been UP since May 7th, 2024 at 0.21908267
Smart Scan Analysis for DKKAUD
Based on our trend formula, DKKAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21892979 | 0.21927800 | 0.21862084 | 0.21884450 | -0.00008500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21892979 | 2024-05-09 06:14:06 |