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Forex Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

Danish Krone/Brazilian Real (FOREX:DKKBRL)

Countertrend Up (+85) - DKKBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.8602131 0.8611546 0.8468500 0.8510856 -0.0091270
Entry Signal

MarketClub’s Trade Triangles for DKKBRL

long term up The long-term trend has been UP since Oct 8th, 2021 at 0.8591218

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 0.8482950

short term down The short-term trend has been DOWN since Oct 14th, 2021 at 0.8544293

Smart Scan Analysis for DKKBRL

Based on our trend formula, DKKBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for DKKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8602131 0.8611546 0.8468500 0.8510856 -0.0091270
Prev. Close Volume Bid Ask Time
0.8602131 2021-10-15 17:01:21
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