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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Danish Krone/Australian Dollar (FOREX:DKKAUD)

Strong Downtrend (-100) - DKKAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKAUD continues to fall. Traders should use caution and set stops.

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
0.21765648 0.21815285 0.21679550 0.21689000 -0.00076600
Entry Signal

MarketClub’s Trade Triangles for DKKAUD

long term down The long-term trend has been DOWN since May 3rd, 2024 at 0.21843028

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2024 at 0.21731258

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.21864600

Smart Scan Analysis for DKKAUD

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

-100
Smart Scan Analysis for DKKAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21765648 0.21815285 0.21679550 0.21689000 -0.00076600
Prev. Close Volume Bid Ask Time
0.21765648 2024-06-13 15:24:03
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