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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Danish Krone/Czech Koruna (FOREX:DKKCZK)

Countertrend Down (-85) - DKKCZK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_DKKCZK
Open High Low DKKCZK Price Change
3.3124 3.3130 3.3090 3.3099 -0.0025
Entry Signal

MarketClub’s Trade Triangles for DKKCZK

long term down The long-term trend has been DOWN since May 15th, 2024 at 3.3140

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 3.3830

short term up The short-term trend has been UP since May 20th, 2024 at 3.3172

Smart Scan Analysis for DKKCZK

Based on our trend formula, DKKCZK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for DKKCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3124 3.3130 3.3090 3.3099 -0.0025
Prev. Close Volume Bid Ask Time
3.3124 2024-05-21 04:10:21
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