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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Danish Krone/Brazilian Real (FOREX:DKKBRL)

Strong Uptrend (+100) - DKKBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, DKKBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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

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

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

FOREX_DKKBRL
Open High Low DKKBRL Price Change
0.7306786 0.7532449 0.7305124 0.7497861 +0.0191080
Entry Signal

MarketClub’s Trade Triangles for DKKBRL

long term up The long-term trend has been UP since Oct 6th, 2023 at 0.7335372

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2024 at 0.7238953

short term up The short-term trend has been UP since Apr 15th, 2024 at 0.7337019

Smart Scan Analysis for DKKBRL

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

+100
Smart Scan Analysis for DKKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7306786 0.7532449 0.7305124 0.7497861 +0.0191080
Prev. Close Volume Bid Ask Time
0.7306786 2024-04-16 16:35:15
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