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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Danish Krone/Hong Kong Dollar (FOREX:DKKHKD)

Bull Market Weakness (+75) - DKKHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKHKD as it may be in the beginning stages of a reversal.

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
1.1567418 1.1629500 1.1557363 1.1620500 +0.0053080
Entry Signal

MarketClub’s Trade Triangles for DKKHKD

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 1.1217450

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 1.1417645

short term up The short-term trend has been UP since May 26th, 2020 at 1.1369287

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
1.1567418 1.1629500 1.1557363 1.1620500 +0.0053080
Prev. Close Volume Bid Ask Time
1.1567418 1.1619700 1.1621300 2020-06-02 05:41:24
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