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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Danish Krone/Swiss Franc (FOREX:DKKCHF)

Bear Market Rally (-75) - DKKCHF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKCHF as it may be in the beginning of a reversal.

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
14.34225 14.35000 14.34000 14.34420 +0.00195
Entry Signal

MarketClub’s Trade Triangles for DKKCHF

long term down The long-term trend has been DOWN since Jun 8th, 2021 at 14.69350

intermediate term down The intermediate-term trend has been DOWN since Sep 30th, 2021 at 14.54225

short term up The short-term trend has been UP since Oct 20th, 2021 at 14.46075

Smart Scan Analysis for DKKCHF

Based on our trend formula, DKKCHF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for DKKCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.34225 14.35000 14.34000 14.34420 +0.00195
Prev. Close Volume Bid Ask Time
14.34225 2021-10-22 02:52:57
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