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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Australian Dollar/Danish Krone (FOREX:AUDDKK)

Long-Term Uptrend (+90) - AUDDKK is in a strong uptrend that is likely to continue. While AUDDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
5.13865 5.15300 5.12715 5.13495 -0.00370
Entry Signal

MarketClub’s Trade Triangles for AUDDKK

long term up The long-term trend has been UP since Aug 12th, 2022 at 5.1305

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2022 at 5.0048

short term up The short-term trend has been UP since Aug 8th, 2022 at 5.1102

Smart Scan Analysis for AUDDKK

Based on our trend formula, AUDDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for AUDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.13865 5.15300 5.12715 5.13495 -0.00370
Prev. Close Volume Bid Ask Time
5.13865 2022-08-16 06:13:07
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