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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Zealand Dollar/Danish Krone (FOREX:NZDDKK)
Crossroads (+60) - NZDDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NZDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDDKK.
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 NZDDKK
The long-term trend has been DOWN since Mar 19th, 2024 at 4.1578
The intermediate-term trend has been UP since May 3rd, 2024 at 4.1810
The short-term trend has been UP since May 9th, 2024 at 4.1724
Smart Scan Analysis for NZDDKK
Based on our trend formula, NZDDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.16750 | 4.17580 | 4.16210 | 4.16805 | +0.00055 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.16750 | 2024-05-09 10:10:25 |