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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Australian Dollar/Danish Krone (FOREX:AUDDKK)

Bull Market Weakness (+75) - AUDDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDDKK as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid AUDDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDDKK
Open High Low AUDDKK Price Change
4.50815 4.51060 4.50180 4.50800 -0.00015
Entry Signal

MarketClub’s Trade Triangles for AUDDKK

long term down The long-term trend has been DOWN since Mar 5th, 2024 at 4.4634

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 4.5316

short term up The short-term trend has been UP since Mar 20th, 2024 at 4.5009

Smart Scan Analysis for AUDDKK

Based on our trend formula, AUDDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for AUDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.50815 4.51060 4.50180 4.50800 -0.00015
Prev. Close Volume Bid Ask Time
4.50815 2024-03-29 04:12:28
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