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Forex Trend Analysis Report

Prepared for you on Monday, January 17, 2022.

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.

FOREX_DKKBRL
Open High Low DKKBRL Price Change
0.8507993 0.8508942 0.8488470 0.8490231 -0.0017760
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 Dec 16th, 2021 at 0.8689318

short term down The short-term trend has been DOWN since Jan 10th, 2022 at 0.8583730

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).

+55
Smart Scan Analysis for DKKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8507993 0.8508942 0.8488470 0.8490231 -0.0017760
Prev. Close Volume Bid Ask Time
0.8507993 2022-01-17 05:48:12
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