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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)

Countertrend Up (+85) - DKKTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
4.7633235 4.7666417 4.7510681 4.7623925 -0.0009310
Entry Signal

MarketClub’s Trade Triangles for DKKTWD

long term up The long-term trend has been UP since Mar 20th, 2024 at 4.6477663

intermediate term up The intermediate-term trend has been UP since Jul 1st, 2024 at 4.6910154

short term down The short-term trend has been DOWN since Jul 23rd, 2024 at 4.7716728

Smart Scan Analysis for DKKTWD

Based on our trend formula, DKKTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for DKKTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7633235 4.7666417 4.7510681 4.7623925 -0.0009310
Prev. Close Volume Bid Ask Time
4.7633235 2024-07-24 23:54:27
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