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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Danish Krone/Singapore Dollar (FOREX:DKKSGD)

Long-Term Downtrend (-90) - DKKSGD is in a strong downtrend that is likely to continue. While DKKSGD 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 DKKSGD?

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

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

FOREX_DKKSGD
Open High Low DKKSGD Price Change
0.210012 0.210310 0.209899 0.210037 +0.000025
Entry Signal

MarketClub’s Trade Triangles for DKKSGD

long term down The long-term trend has been DOWN since Aug 24th, 2021 at 0.2138105

intermediate term down The intermediate-term trend has been DOWN since Aug 6th, 2021 at 0.2145435

short term down The short-term trend has been DOWN since Oct 25th, 2021 at 0.2101620

Smart Scan Analysis for DKKSGD

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

-90
Smart Scan Analysis for DKKSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.210012 0.210310 0.209899 0.210037 +0.000025
Prev. Close Volume Bid Ask Time
0.210012 2021-10-26 14:50:22
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