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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Danish Krone/Rwandan Franc (FOREX:DKKRWF)
Countertrend Up (+85) - DKKRWF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DKKRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKRWF.
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 DKKRWF
The long-term trend has been UP since Nov 11th, 2022 at 143.74120
The intermediate-term trend has been UP since Jul 7th, 2024 at 190.48104
The short-term trend has been DOWN since Jul 21st, 2024 at 191.34214
Smart Scan Analysis for DKKRWF
Based on our trend formula, DKKRWF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 191.28812 | 191.29196 | 191.28812 | 191.29196 | +0.00384 |
| Prev. Close | Volume | Bid | Ask | Time |
| 191.28812 | 2024-07-26 14:00:16 |