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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Danish Krone/Norwegian Krone (FOREX:DKKNOK)

Crossroads (-60) - DKKNOK 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 DKKNOK?

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

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

FOREX_DKKNOK
Open High Low DKKNOK Price Change
1.4895275 1.4956984 1.4837882 1.4953900 +0.0058630
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term up The long-term trend has been UP since Feb 3rd, 2020 at 1.3727959

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2020 at 1.4957668

short term down The short-term trend has been DOWN since Mar 25th, 2020 at 1.5809750

Smart Scan Analysis for DKKNOK

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

-60
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4895275 1.4956984 1.4837882 1.4953900 +0.0058630
Prev. Close Volume Bid Ask Time
1.4895275 1.4948600 1.4959200 2020-04-09 07:41:30
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