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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Danish Krone/Singapore Dollar (FOREX:DKKSGD)

Strong Downtrend (-100) - DKKSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKSGD continues to fall. 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.

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FOREX_DKKSGD
Open High Low DKKSGD Price Change
0.1944145 0.1946430 0.1941175 0.1942755 -0.0001390
Entry Signal

MarketClub’s Trade Triangles for DKKSGD

long term down The long-term trend has been DOWN since Sep 27th, 2023 at 0.1932575

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 0.1947700

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.1956040

Smart Scan Analysis for DKKSGD

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

-100
Smart Scan Analysis for DKKSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1944145 0.1946430 0.1941175 0.1942755 -0.0001390
Prev. Close Volume Bid Ask Time
0.1944145 2024-04-16 16:58:45
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