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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.

Open High Low AUDDKK Price Change
4.5761 4.6005 4.5694 4.5930 +0.0169
Entry Signal

MarketClub’s Trade Triangles for AUDDKK

long term down The long-term trend has been DOWN since Oct 4th, 2022 at 4.8311

intermediate term down The intermediate-term trend has been DOWN since May 31st, 2023 at 4.5100

short term up 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).

Smart Scan Analysis for AUDDKK
Strong Downtrend Sideways 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
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