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Forex Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
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.
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MarketClub’s Trade Triangles for AUDDKK
The long-term trend has been DOWN since Oct 4th, 2022 at 4.8311
The intermediate-term trend has been DOWN since May 31st, 2023 at 4.5100
The short-term trend has been UP since Jun 1st, 2023 at 4.5556
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5761 | 4.6005 | 4.5694 | 4.5930 | +0.0169 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5761 | 2023-06-02 17:02:54 |