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Forex Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

Danish Krone/Swiss Franc (FOREX:DKKCHF)

Sidelines Mode (+55) - DKKCHF 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 DKKCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKCHF
Open High Low DKKCHF Price Change
14.49625 14.51585 14.43915 14.44740 -0.04885
Entry Signal

MarketClub’s Trade Triangles for DKKCHF

long term up The long-term trend has been UP since Jun 2nd, 2020 at 14.3888

intermediate term up The intermediate-term trend has been UP since Jul 13th, 2020 at 14.3715

short term down The short-term trend has been DOWN since Aug 4th, 2020 at 14.4371

Smart Scan Analysis for DKKCHF

Based on our trend formula, DKKCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for DKKCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.49625 14.51585 14.43915 14.44740 -0.04885
Prev. Close Volume Bid Ask Time
14.49625 14.39740 14.49740 2020-08-07 14:27:44
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