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Forex Trend Analysis Report

Prepared for you on Monday, September 25, 2023.

Danish Krone/Colombian Peso (FOREX:DKKCOP)

Long-Term Downtrend (-90) - DKKCOP is in a strong downtrend that is likely to continue. While DKKCOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid DKKCOP?

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

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

FOREX_DKKCOP
Open High Low DKKCOP Price Change
560.30213 560.30213 560.30213 560.30213 0.00000
Entry Signal

MarketClub’s Trade Triangles for DKKCOP

long term down The long-term trend has been DOWN since Apr 12th, 2023 at 662.18809

intermediate term down The intermediate-term trend has been DOWN since Sep 10th, 2023 at 589.03953

short term down The short-term trend has been DOWN since Sep 4th, 2023 at 593.64749

Smart Scan Analysis for DKKCOP

Based on our trend formula, DKKCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DKKCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
560.30213 560.30213 560.30213 560.30213 0.00000
Prev. Close Volume Bid Ask Time
563.84534 2023-09-21 07:28:05
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