Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

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

Bull Market Weakness (+75) - DKKAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKAED as it may be in the beginning stages of a reversal.

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
0.54237107 0.54456777 0.54229423 0.54456777 +0.00219700
Entry Signal

MarketClub’s Trade Triangles for DKKAED

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 0.53040188

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 0.53983003

short term up The short-term trend has been UP since May 27th, 2020 at 0.54137909

Smart Scan Analysis for DKKAED

Based on our trend formula, DKKAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for DKKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54237107 0.54456777 0.54229423 0.54456777 +0.00219700
Prev. Close Volume Bid Ask Time
0.54237107 0.54423238 0.54490316 2020-05-28 11:48:03
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