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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Danish Krone/South African Rand (FOREX:DKKZAR)
Bear Market Rally (-75) - DKKZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DKKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKZAR.
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 DKKZAR
The long-term trend has been DOWN since Apr 5th, 2024 at 2.700090
The intermediate-term trend has been DOWN since May 1st, 2024 at 2.671025
The short-term trend has been UP since May 8th, 2024 at 2.677400
Smart Scan Analysis for DKKZAR
Based on our trend formula, DKKZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.676695 | 2.680450 | 2.661750 | 2.672775 | -0.003920 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.676695 | 2024-05-09 12:27:18 |