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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

Danish Krone/Hong Kong Dollar (FOREX:DKKHKD)

Weak Downtrend (-65) - DKKHKD is showing signs of a strengthening downtrend. Monitor DKKHKD as it may be building momentum to the downside.

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

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

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

FOREX_DKKHKD
Open High Low DKKHKD Price Change
1.1444075 1.1462820 1.1436314 1.1444900 +0.0000820
Entry Signal

MarketClub’s Trade Triangles for DKKHKD

long term up The long-term trend has been UP since Jul 17th, 2024 at 1.1446384

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2024 at 1.1498052

short term down The short-term trend has been DOWN since Sep 30th, 2024 at 1.1607362

Smart Scan Analysis for DKKHKD

Based on our trend formula, DKKHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for DKKHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1444075 1.1462820 1.1436314 1.1444900 +0.0000820
Prev. Close Volume Bid Ask Time
1.1444075 2024-10-08 09:12:26
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