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Forex Trend Analysis Report

Prepared for you on Tuesday, March 9, 2021.

Danish Krone/United Arab Emirates Dirham (FOREX:DKKAED)

Long-Term Downtrend (-90) - DKKAED is in a strong downtrend that is likely to continue. While DKKAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid DKKAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKAED
Open High Low DKKAED Price Change
0.58566136 0.58802924 0.58557359 0.58799126 +0.00233000
Entry Signal

MarketClub’s Trade Triangles for DKKAED

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.59003795

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2021 at 0.59169696

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 0.59882583

Smart Scan Analysis for DKKAED

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

-90
Smart Scan Analysis for DKKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58566136 0.58802924 0.58557359 0.58799126 +0.00233000
Prev. Close Volume Bid Ask Time
0.58566136 2021-03-09 05:45:09
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