Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Danish Krone/Norwegian Krone (FOREX:DKKNOK)
Countertrend Up (+85) - DKKNOK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DKKNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for DKKNOK
The long-term trend has been UP since Mar 29th, 2024 at 1.5918632
The intermediate-term trend has been UP since Feb 19th, 2024 at 1.5434384
The short-term trend has been UP since May 8th, 2024 at 1.5766953
Smart Scan Analysis for DKKNOK
Based on our trend formula, DKKNOK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5760811 | 1.5802267 | 1.5647000 | 1.5712747 | -0.0048060 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5760811 | 2024-05-08 22:35:53 |