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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

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
590.60423 590.61137 590.60423 590.61137 +0.00714
Entry Signal

MarketClub’s Trade Triangles for DKKCOP

long term down The long-term trend has been DOWN since Oct 3rd, 2021 at 595.80522

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2021 at 603.65910

short term down The short-term trend has been DOWN since Sep 16th, 2021 at 607.30065

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
590.60423 590.61137 590.60423 590.61137 +0.00714
Prev. Close Volume Bid Ask Time
590.60423 2021-10-19 21:09:14
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