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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 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.

FOREX_DKKJPY
Open High Low DKKJPY Price Change
22.07750 22.10830 21.90885 21.91900 -0.15850
Entry Signal

MarketClub’s Trade Triangles for DKKJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 21.9634

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 21.9634

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 21.9393

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).

+55
Smart Scan Analysis for DKKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.07750 22.10830 21.90885 21.91900 -0.15850
Prev. Close Volume Bid Ask Time
22.07750 2024-04-18 21:52:47
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