Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Danish Krone/Hong Kong Dollar (FOREX:DKKHKD)

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

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

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

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

FOREX_DKKHKD
Open High Low DKKHKD Price Change
1.1263100 1.1296676 1.1236220 1.1296050 +0.0032950
Entry Signal

MarketClub’s Trade Triangles for DKKHKD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 1.1215899

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 1.1364741

short term down The short-term trend has been DOWN since May 8th, 2024 at 1.1254265

Smart Scan Analysis for DKKHKD

Based on our trend formula, DKKHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for DKKHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1263100 1.1296676 1.1236220 1.1296050 +0.0032950
Prev. Close Volume Bid Ask Time
1.1263100 2024-05-09 11:19:14
Get a free daily analysis and signals for Danish Krone/Hong Kong Dollar (DKKHKD) - Request Your Free Report.