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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
US Dollar/Danish Krone (FOREX:USDDKK)
Countertrend Up (+85) - USDDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDDKK.
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 USDDKK
The long-term trend has been UP since Apr 11th, 2024 at 6.97060
The intermediate-term trend has been UP since Mar 27th, 2024 at 6.88265
The short-term trend has been UP since May 8th, 2024 at 6.94610
Smart Scan Analysis for USDDKK
Based on our trend formula, USDDKK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.94470 | 6.94800 | 6.93351 | 6.94106 | -0.00364 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.94470 | 2024-05-08 17:31:27 |