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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

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

Strong Downtrend (-100) - DKKAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKAED continues to fall. 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
0.52670165 0.52679414 0.52670165 0.52678214 +0.00008000
Entry Signal

MarketClub’s Trade Triangles for DKKAED

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 0.52740492

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 0.53125853

short term down The short-term trend has been DOWN since Jun 7th, 2024 at 0.53478302

Smart Scan Analysis for DKKAED

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

-100
Smart Scan Analysis for DKKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52670165 0.52679414 0.52670165 0.52678214 +0.00008000
Prev. Close Volume Bid Ask Time
0.52670165 2024-06-16 21:00:25
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