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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Danish Krone/Hong Kong Dollar (FOREX:DKKHKD)

Countertrend Down (-85) - DKKHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
1.1207400 1.1220941 1.1175700 1.1190345 -0.0017060
Entry Signal

MarketClub’s Trade Triangles for DKKHKD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 1.1215899

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 1.1364741

short term up The short-term trend has been UP since Apr 17th, 2024 at 1.1198671

Smart Scan Analysis for DKKHKD

Based on our trend formula, DKKHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for DKKHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1207400 1.1220941 1.1175700 1.1190345 -0.0017060
Prev. Close Volume Bid Ask Time
1.1207400 2024-04-18 10:56:54
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