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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Danish Krone/Brazilian Real (FOREX:DKKBRL)
Sidelines Mode (+55) - DKKBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for DKKBRL
The long-term trend has been UP since Oct 6th, 2023 at 0.7335372
The intermediate-term trend has been DOWN since Jan 7th, 2025 at 0.8431567
The short-term trend has been UP since Jan 20th, 2025 at 0.8403712
Smart Scan Analysis for DKKBRL
Based on our trend formula, DKKBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8387810 | 0.8451905 | 0.8377326 | 0.8429699 | +0.0041890 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8387810 | 2025-01-20 09:53:06 |