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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Danish Krone/Australian Dollar (FOREX:DKKAUD)

Crossroads (-60) - DKKAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_DKKAUD
Open High Low DKKAUD Price Change
0.22355000 0.22375514 0.22334500 0.22356500 +0.00001500
Entry Signal

MarketClub’s Trade Triangles for DKKAUD

long term up The long-term trend has been UP since Jan 30th, 2020 at 0.21994400

intermediate term down The intermediate-term trend has been DOWN since Apr 6th, 2020 at 0.23710400

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.22388971

Smart Scan Analysis for DKKAUD

Based on our trend formula, DKKAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for DKKAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22355000 0.22375514 0.22334500 0.22356500 +0.00001500
Prev. Close Volume Bid Ask Time
0.22355000 0.22354000 0.22359000 2020-05-25 04:04:30
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