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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Danish Krone/Swedish Krona (FOREX:DKKSEK)

Long-Term Downtrend (-90) - DKKSEK is in a strong downtrend that is likely to continue. While DKKSEK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.350430 1.350800 1.339300 1.349915 -0.000515
Entry Signal

MarketClub’s Trade Triangles for DKKSEK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 1.36020

intermediate term down The intermediate-term trend has been DOWN since Oct 8th, 2021 at 1.36040

short term down The short-term trend has been DOWN since Oct 8th, 2021 at 1.36104

Smart Scan Analysis for DKKSEK

Based on our trend formula, DKKSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DKKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.350430 1.350800 1.339300 1.349915 -0.000515
Prev. Close Volume Bid Ask Time
1.350430 2021-10-19 17:16:20
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