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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

New Zealand Dollar/Danish Krone (FOREX:NZDDKK)

Strong Downtrend (-100) - NZDDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDDKK continues to fall. Traders should use caution and set stops.

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.

FOREX_NZDDKK
Open High Low NZDDKK Price Change
4.1602 4.1645 4.1507 4.1550 -0.0052
Entry Signal

MarketClub’s Trade Triangles for NZDDKK

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 4.1578000

intermediate term down The intermediate-term trend has been DOWN since Feb 29th, 2024 at 4.1825566

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 4.2002000

Smart Scan Analysis for NZDDKK

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

-100
Smart Scan Analysis for NZDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1602 4.1645 4.1507 4.1550 -0.0052
Prev. Close Volume Bid Ask Time
4.1602 2024-03-19 02:40:59
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