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Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

Danish Krone/Norwegian Krone (FOREX:DKKNOK)

Sidelines Mode (+55) - DKKNOK 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 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
1.5669450 1.5806126 1.5655687 1.5752700 +0.0083250
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term up The long-term trend has been UP since Oct 23rd, 2023 at 1.5815229

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2023 at 1.5668028

short term up The short-term trend has been UP since Nov 30th, 2023 at 1.5763205

Smart Scan Analysis for DKKNOK

Based on our trend formula, DKKNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5669450 1.5806126 1.5655687 1.5752700 +0.0083250
Prev. Close Volume Bid Ask Time
1.5669450 2023-11-30 13:37:29
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