Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

Danish Krone/Russian Ruble (FOREX:DKKRUB)

Bear Market Rally (-75) - DKKRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKRUB as it may be in the beginning of a reversal.

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

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

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

FOREX_DKKRUB
Open High Low DKKRUB Price Change
12.783216 12.816215 12.783216 12.783216 0.000000
Entry Signal

MarketClub’s Trade Triangles for DKKRUB

long term down The long-term trend has been DOWN since May 24th, 2024 at 12.997119

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 13.283321

short term down The short-term trend has been DOWN since Jul 19th, 2024 at 12.835844

Smart Scan Analysis for DKKRUB

Based on our trend formula, DKKRUB is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for DKKRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.783216 12.816215 12.783216 12.783216 0.000000
Prev. Close Volume Bid Ask Time
12.783216 2024-07-20 13:03:58
Get a free daily analysis and signals for Danish Krone/Russian Ruble (DKKRUB) - Request Your Free Report.