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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Danish Krone/Rwandan Franc (FOREX:DKKRWF)
Strong Uptrend (+100) - DKKRWF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, DKKRWF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid DKKRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKRWF.
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 DKKRWF
The long-term trend has been UP since Nov 11th, 2022 at 143.74120
The intermediate-term trend has been UP since May 5th, 2024 at 185.73477
The short-term trend has been UP since May 5th, 2024 at 185.73477
Smart Scan Analysis for DKKRWF
Based on our trend formula, DKKRWF is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 186.29777 | 186.29777 | 186.29777 | 186.29777 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 187.58517 | 2024-05-08 21:02:50 |