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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Danish Krone/Japanese Yen (FOREX:DKKJPY)

Bear Market Rally (-75) - DKKJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKJPY as it may be in the beginning of a reversal.

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
15.90980 15.92150 15.66665 15.66970 -0.24010
Entry Signal

MarketClub’s Trade Triangles for DKKJPY

long term down The long-term trend has been DOWN since Feb 13th, 2020 at 15.95890

intermediate term up The intermediate-term trend has been UP since Mar 25th, 2020 at 16.18415

short term down The short-term trend has been DOWN since Mar 30th, 2020 at 15.92210

Smart Scan Analysis for DKKJPY

Based on our trend formula, DKKJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for DKKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.90980 15.92150 15.66665 15.66970 -0.24010
Prev. Close Volume Bid Ask Time
15.90980 15.66810 15.67130 2020-04-01 13:36:05
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