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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for DKKJPY
The long-term trend has been DOWN since Jul 31st, 2024 at 21.75240
The intermediate-term trend has been DOWN since Nov 17th, 2024 at 21.76250
The short-term trend has been UP since Nov 20th, 2024 at 22.02565
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.01185 | 22.08710 | 22.00650 | 22.05585 | +0.04400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.01185 | 2024-11-20 03:43:58 |