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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Japanese Yen/Danish Krone (FOREX:JPYDKK)

Sidelines Mode (+55) - JPYDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_JPYDKK
Open High Low JPYDKK Price Change
0.045947 0.046045 0.045841 0.045919 -0.000028
Entry Signal

MarketClub’s Trade Triangles for JPYDKK

long term up The long-term trend has been UP since Dec 7th, 2023 at 0.047934

intermediate term up The intermediate-term trend has been UP since Mar 10th, 2024 at 0.046432

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 0.046174

Smart Scan Analysis for JPYDKK

Based on our trend formula, JPYDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for JPYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.045947 0.046045 0.045841 0.045919 -0.000028
Prev. Close Volume Bid Ask Time
0.045947 2024-03-18 23:22:10
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