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Forex Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

Danish Krone/Japanese Yen (FOREX:DKKJPY)

Crossroads (-60) - DKKJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
21.05085 21.17110 21.01690 21.15070 +0.09985
Entry Signal

MarketClub’s Trade Triangles for DKKJPY

long term up The long-term trend has been UP since Mar 5th, 2023 at 19.72690

intermediate term down The intermediate-term trend has been DOWN since Sep 10th, 2023 at 21.04670

short term down The short-term trend has been DOWN since Sep 21st, 2023 at 21.09855

Smart Scan Analysis for DKKJPY

Based on our trend formula, DKKJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for DKKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.05085 21.17110 21.01690 21.15070 +0.09985
Prev. Close Volume Bid Ask Time
21.05085 2023-09-28 19:42:03
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