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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Danish Krone/Ugandan Shilling (FOREX:DKKUGX)
Long-Term Downtrend (-90) - DKKUGX is in a strong downtrend that is likely to continue. While DKKUGX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DKKUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKUGX.
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 DKKUGX
The long-term trend has been DOWN since Apr 14th, 2024 at 550.33796
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 568.01146
The short-term trend has been DOWN since May 2nd, 2024 at 547.81334
Smart Scan Analysis for DKKUGX
Based on our trend formula, DKKUGX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 543.46005 | 543.46005 | 543.46005 | 543.46005 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 544.62639 | 2024-05-07 21:05:08 |