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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Danish Krone/Swedish Krona (FOREX:DKKSEK)

Sidelines Mode (+55) - DKKSEK 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 DKKSEK?

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

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

FOREX_DKKSEK
Open High Low DKKSEK Price Change
1.413400 1.418305 1.412155 1.414625 +0.001225
Entry Signal

MarketClub’s Trade Triangles for DKKSEK

long term up The long-term trend has been UP since Mar 8th, 2020 at 1.43570

intermediate term down The intermediate-term trend has been DOWN since Apr 27th, 2020 at 1.45150

short term up The short-term trend has been UP since May 25th, 2020 at 1.41801

Smart Scan Analysis for DKKSEK

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

+55
Smart Scan Analysis for DKKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.413400 1.418305 1.412155 1.414625 +0.001225
Prev. Close Volume Bid Ask Time
1.413400 1.414270 1.414980 2020-05-25 14:13:33
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