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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Danish Krone/Rwandan Franc (FOREX:DKKRWF)

Sidelines Mode (+55) - DKKRWF 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 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.

FOREX_DKKRWF
Open High Low DKKRWF Price Change
184.22543 184.24235 184.22543 184.24235 +0.01692
Entry Signal

MarketClub’s Trade Triangles for DKKRWF

long term up The long-term trend has been UP since Nov 11th, 2022 at 143.74120

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 186.17012

short term up The short-term trend has been UP since Apr 18th, 2024 at 183.85813

Smart Scan Analysis for DKKRWF

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

+55
Smart Scan Analysis for DKKRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
184.22543 184.24235 184.22543 184.24235 +0.01692
Prev. Close Volume Bid Ask Time
184.22543 2024-04-23 21:01:41
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