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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

Danish Krone/Indian Rupee (FOREX:DKKINR)

Countertrend Down (-85) - DKKINR 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 DKKINR?

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

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

FOREX_DKKINR
Open High Low DKKINR Price Change
11.905710 11.937082 11.892770 11.906995 +0.001285
Entry Signal

MarketClub’s Trade Triangles for DKKINR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 11.913908

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 12.024190

short term up The short-term trend has been UP since Apr 17th, 2024 at 11.938980

Smart Scan Analysis for DKKINR

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

-85
Smart Scan Analysis for DKKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.905710 11.937082 11.892770 11.906995 +0.001285
Prev. Close Volume Bid Ask Time
11.905710 2024-04-19 17:02:46
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