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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

Danish Krone/Norwegian Krone (FOREX:DKKNOK)

Strong Downtrend (-100) - DKKNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
1.3833223 1.3854822 1.3654733 1.3701400 -0.0131820
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term down The long-term trend has been DOWN since Jan 3rd, 2021 at 1.4022000

intermediate term down The intermediate-term trend has been DOWN since Feb 15th, 2021 at 1.3712426

short term down The short-term trend has been DOWN since Feb 24th, 2021 at 1.3737000

Smart Scan Analysis for DKKNOK

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

-100
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3833223 1.3854822 1.3654733 1.3701400 -0.0131820
Prev. Close Volume Bid Ask Time
1.3833223 2021-02-24 18:47:57
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