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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

Danish Krone/British Pound (FOREX:DKKGBP)

Sidelines Mode (+55) - DKKGBP 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 DKKGBP?

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

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

FOREX_DKKGBP
Open High Low DKKGBP Price Change
0.11513906 0.11519012 0.11512647 0.11518614 +0.00004700
Entry Signal

MarketClub’s Trade Triangles for DKKGBP

long term up The long-term trend has been UP since Oct 19th, 2023 at 0.11678151

intermediate term down The intermediate-term trend has been DOWN since Nov 29th, 2023 at 0.11597700

short term up The short-term trend has been UP since Dec 8th, 2023 at 0.11518550

Smart Scan Analysis for DKKGBP

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

+55
Smart Scan Analysis for DKKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11513906 0.11519012 0.11512647 0.11518614 +0.00004700
Prev. Close Volume Bid Ask Time
0.11513906 2023-12-11 02:00:50
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