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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Danish Krone/Kenyan Shilling (FOREX:DKKKES)
Sidelines Mode (+50) - DKKKES is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKKES can gain momentum.
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.
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MarketClub’s Trade Triangles for DKKKES
The long-term trend has been DOWN since Feb 16th, 2024 at 21.804163
The intermediate-term trend has been UP since Apr 24th, 2024 at 18.781936
The short-term trend has been UP since May 5th, 2024 at 19.058536
Smart Scan Analysis for DKKKES
Based on our trend formula, DKKKES is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.489634 | 19.489634 | 19.488955 | 19.488955 | -0.000679 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.489634 | 2024-05-07 21:05:09 |