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Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
Danish Krone/Japanese Yen (FOREX:DKKJPY)
Sidelines Mode (+55) - DKKJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for DKKJPY
The long-term trend has been UP since Mar 19th, 2024 at 21.96340
The intermediate-term trend has been UP since Mar 19th, 2024 at 21.96340
The short-term trend has been DOWN since Apr 29th, 2024 at 22.25225
Smart Scan Analysis for DKKJPY
Based on our trend formula, DKKJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.02470 | 22.09450 | 21.99375 | 22.06705 | +0.04235 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.02470 | 2024-05-03 14:09:54 |