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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.

FOREX_DKKBRL
Open High Low DKKBRL Price Change
0.8395917 0.8396606 0.8236727 0.8305300 -0.0090620
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 down The intermediate-term trend has been DOWN since Aug 12th, 2024 at 0.8034441

short term down 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).

-50
Smart Scan Analysis for DKKBRL
Strong Downtrend Sideways 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
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