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Forex Trend Analysis Report
Prepared for you on Sunday, October 6, 2024.
Euro/Danish Krone (FOREX:EURDKK)
Bear Market Rally (-75) - EURDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURDKK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURDKK.
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 EURDKK
The long-term trend has been DOWN since Sep 5th, 2024 at 7.453915
The intermediate-term trend has been DOWN since Sep 30th, 2024 at 7.454475
The short-term trend has been UP since Oct 3rd, 2024 at 7.461450
Smart Scan Analysis for EURDKK
Based on our trend formula, EURDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.454050 | 7.456315 | 7.454050 | 7.455200 | +0.001150 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.454050 | 2024-10-06 17:17:09 |