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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Danish Krone/Swedish Krona (FOREX:DKKSEK)
Long-Term Uptrend (+90) - DKKSEK is in a strong uptrend that is likely to continue. While DKKSEK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid DKKSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKSEK.
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 DKKSEK
The long-term trend has been UP since Mar 27th, 2024 at 1.533320
The intermediate-term trend has been UP since Mar 15th, 2024 at 1.514400
The short-term trend has been UP since May 7th, 2024 at 1.565305
Smart Scan Analysis for DKKSEK
Based on our trend formula, DKKSEK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.571890 | 1.573700 | 1.571345 | 1.572430 | +0.000540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.571890 | 2024-05-09 06:09:08 |