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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Danish Krone/Brazilian Real (FOREX:DKKBRL)

Bear Market Rally (-75) - DKKBRL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKBRL as it may be in the beginning of a reversal.

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
0.7469762 0.7559700 0.7425257 0.7460518 -0.0009240
Entry Signal

MarketClub’s Trade Triangles for DKKBRL

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 0.7249115

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 0.7505922

short term down The short-term trend has been DOWN since Mar 27th, 2023 at 0.7565866

Smart Scan Analysis for DKKBRL

Based on our trend formula, DKKBRL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for DKKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7469762 0.7559700 0.7425257 0.7460518 -0.0009240
Prev. Close Volume Bid Ask Time
0.7469762 2023-03-30 17:01:22
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