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Forex Trend Analysis Report

Prepared for you on Wednesday, April 8, 2020.

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
0.11810839 0.11828400 0.11720858 0.11734950 -0.00075900
Entry Signal

MarketClub’s Trade Triangles for DKKGBP

long term up The long-term trend has been UP since Mar 1st, 2020 at 0.11563903

intermediate term up The intermediate-term trend has been UP since Feb 27th, 2020 at 0.11425178

short term down The short-term trend has been DOWN since Apr 8th, 2020 at 0.11736401

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
0.11810839 0.11828400 0.11720858 0.11734950 -0.00075900
Prev. Close Volume Bid Ask Time
0.11810839 0.11732600 0.11737300 2020-04-08 21:47:02
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