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Forex Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

Australian Dollar/Danish Krone (FOREX:AUDDKK)

Sidelines Mode (+55) - AUDDKK 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 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
4.52395 4.53330 4.45960 4.48260 -0.04135
Entry Signal

MarketClub’s Trade Triangles for AUDDKK

long term down The long-term trend has been DOWN since Jan 30th, 2020 at 4.5463

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 4.2171

short term down The short-term trend has been DOWN since May 27th, 2020 at 4.4632

Smart Scan Analysis for AUDDKK

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

+55
Smart Scan Analysis for AUDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.52395 4.53330 4.45960 4.48260 -0.04135
Prev. Close Volume Bid Ask Time
4.52395 4.48220 4.48300 2020-05-27 22:11:11
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