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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Danish Krone/Indian Rupee (FOREX:DKKINR)
Weak Downtrend (-65) - DKKINR is showing signs of a strengthening downtrend. Monitor DKKINR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid DKKINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKINR.
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 DKKINR
The long-term trend has been DOWN since Apr 12th, 2024 at 11.913908
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 12.024190
The short-term trend has been DOWN since May 8th, 2024 at 12.020769
Smart Scan Analysis for DKKINR
Based on our trend formula, DKKINR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.023349 | 12.040948 | 12.018239 | 12.027107 | +0.003758 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.023349 | 2024-05-08 22:42:34 |