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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

Danish Krone/Euro (FOREX:DKKEUR)

Countertrend Down (-85) - DKKEUR 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 DKKEUR?

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

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

FOREX_DKKEUR
Open High Low DKKEUR Price Change
0.13405239 0.13406750 0.13400150 0.13402500 -0.00002700
Entry Signal

MarketClub’s Trade Triangles for DKKEUR

long term down The long-term trend has been DOWN since Sep 6th, 2023 at 0.13399989

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2024 at 0.13395500

short term up The short-term trend has been UP since Jul 15th, 2024 at 0.13406650

Smart Scan Analysis for DKKEUR

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

-85
Smart Scan Analysis for DKKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13405239 0.13406750 0.13400150 0.13402500 -0.00002700
Prev. Close Volume Bid Ask Time
0.13405239 2024-07-18 12:56:06
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