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Forex Trend Analysis Report

Prepared for you on Thursday, February 20, 2020.

Danish Krone/Hong Kong Dollar (FOREX:DKKHKD)

Long-Term Downtrend (-90) - DKKHKD is in a strong downtrend that is likely to continue. While DKKHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.1239300 1.1254566 1.1222799 1.1251204 +0.0011900
Entry Signal

MarketClub’s Trade Triangles for DKKHKD

long term down The long-term trend has been DOWN since Feb 5th, 2020 at 1.1432617

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2019 at 1.1515782

short term down The short-term trend has been DOWN since Feb 5th, 2020 at 1.1464663

Smart Scan Analysis for DKKHKD

Based on our trend formula, DKKHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DKKHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1239300 1.1254566 1.1222799 1.1251204 +0.0011900
Prev. Close Volume Bid Ask Time
1.1239300 1.1247856 1.1254551 2020-02-20 04:38:40
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