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Forex Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)

Bear Market Rally (-75) - DKKTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKTWD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid DKKTWD?

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

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

FOREX_DKKTWD
Open High Low DKKTWD Price Change
4.2005322 4.2099669 4.1635502 4.1732753 -0.0272570
Entry Signal

MarketClub’s Trade Triangles for DKKTWD

long term down The long-term trend has been DOWN since Jun 2nd, 2022 at 4.0898758

intermediate term down The intermediate-term trend has been DOWN since Jun 2nd, 2022 at 4.1511565

short term up The short-term trend has been UP since Jun 28th, 2022 at 4.2292276

Smart Scan Analysis for DKKTWD

Based on our trend formula, DKKTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for DKKTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2005322 4.2099669 4.1635502 4.1732753 -0.0272570
Prev. Close Volume Bid Ask Time
4.2005322 2022-06-29 21:51:44
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