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Forex Trend Analysis Report
Prepared for you on Sunday, September 8, 2024.
Danish Krone/Brazilian Real (FOREX:DKKBRL)
Sidelines Mode (-50) - DKKBRL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKBRL can gain 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.
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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 Aug 12th, 2024 at 0.8034441
The short-term trend has been DOWN since Sep 6th, 2024 at 0.8264346
Smart Scan Analysis for DKKBRL
Based on our trend formula, DKKBRL is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8395917 | 0.8396606 | 0.8236727 | 0.8305300 | -0.0090620 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8395917 | 2024-09-06 17:06:47 |