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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Danish Krone/Japanese Yen (FOREX:DKKJPY)

Long-Term Uptrend (+90) - DKKJPY is in a strong uptrend that is likely to continue. While DKKJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

FOREX_DKKJPY
Open High Low DKKJPY Price Change
16.7677 16.7893 16.6810 16.7401 -0.0276
Entry Signal

MarketClub’s Trade Triangles for DKKJPY

long term up The long-term trend has been UP since Jun 2nd, 2020 at 16.2225

intermediate term up The intermediate-term trend has been UP since Jul 13th, 2020 at 16.3750

short term up The short-term trend has been UP since Jul 13th, 2020 at 16.3750

Smart Scan Analysis for DKKJPY

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

+90
Smart Scan Analysis for DKKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.7677 16.7893 16.6810 16.7401 -0.0276
Prev. Close Volume Bid Ask Time
16.7677 16.7389 16.7413 2020-08-04 21:29:40
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