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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Danish Krone/Japanese Yen (FOREX:DKKJPY)

Countertrend Up (+85) - DKKJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
17.31115 17.32975 17.26245 17.28465 -0.02650
Entry Signal

MarketClub’s Trade Triangles for DKKJPY

long term up The long-term trend has been UP since Jun 2nd, 2020 at 16.22250

intermediate term up The intermediate-term trend has been UP since Feb 14th, 2021 at 17.12065

short term down The short-term trend has been DOWN since Mar 1st, 2021 at 17.28455

Smart Scan Analysis for DKKJPY

Based on our trend formula, DKKJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for DKKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.31115 17.32975 17.26245 17.28465 -0.02650
Prev. Close Volume Bid Ask Time
17.31115 2021-03-01 07:57:05
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