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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Danish Krone/Kenyan Shilling (FOREX:DKKKES)

Long-Term Downtrend (-90) - DKKKES is in a strong downtrend that is likely to continue. While DKKKES is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid DKKKES?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKKES.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKKES
Open High Low DKKKES Price Change
18.95344 18.95344 18.95344 18.95344 0.00000
Entry Signal

MarketClub’s Trade Triangles for DKKKES

long term down The long-term trend has been DOWN since Feb 16th, 2024 at 21.804163

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 18.955243

short term down The short-term trend has been DOWN since May 17th, 2024 at 18.999376

Smart Scan Analysis for DKKKES

Based on our trend formula, DKKKES is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DKKKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.95344 18.95344 18.95344 18.95344 0.00000
Prev. Close Volume Bid Ask Time
18.95344 2024-05-22 21:00:50
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