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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

Danish Krone/Japanese Yen (FOREX:DKKJPY)

Crossroads (+60) - DKKJPY is struggling to move into a solid trend. Beware of choppy markets 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
21.78695 21.83290 21.72735 21.77725 -0.00970
Entry Signal

MarketClub’s Trade Triangles for DKKJPY

long term down The long-term trend has been DOWN since Jul 31st, 2024 at 21.75240

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2024 at 21.85710

short term up The short-term trend has been UP since Oct 2nd, 2024 at 21.58305

Smart Scan Analysis for DKKJPY

Based on our trend formula, DKKJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for DKKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.78695 21.83290 21.72735 21.77725 -0.00970
Prev. Close Volume Bid Ask Time
21.78695 2024-10-08 07:29:11
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