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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Danish Krone/Euro (FOREX:DKKEUR)

Sidelines Mode (-55) - DKKEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.1343225 0.1343855 0.1342925 0.1343545 +0.0000320
Entry Signal

MarketClub’s Trade Triangles for DKKEUR

long term down The long-term trend has been DOWN since Nov 9th, 2020 at 0.13412413

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2020 at 0.13440750

short term down The short-term trend has been DOWN since Dec 3rd, 2020 at 0.13428050

Smart Scan Analysis for DKKEUR

Based on our trend formula, DKKEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for DKKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1343225 0.1343855 0.1342925 0.1343545 +0.0000320
Prev. Close Volume Bid Ask Time
0.1343225 2020-12-04 09:15:01
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