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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Danish Krone/Special drawing rights (FOREX:DKKXDR)
Bear Market Rally (-75) - DKKXDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKXDR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DKKXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKXDR.
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 DKKXDR
The long-term trend has been DOWN since Feb 5th, 2024 at 0.10863319
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.10880627
The short-term trend has been DOWN since May 1st, 2024 at 0.10901678
Smart Scan Analysis for DKKXDR
Based on our trend formula, DKKXDR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1090468 | 0.1090468 | 0.1090468 | 0.1090468 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1090468 | 2024-05-08 21:02:50 |