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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)

Countertrend Down (-85) - DKKTWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
4.3803754 4.3803754 4.3803754 4.3803754 0.0000000
Entry Signal

MarketClub’s Trade Triangles for DKKTWD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 4.5085527

intermediate term down The intermediate-term trend has been DOWN since Aug 4th, 2021 at 4.4354580

short term up The short-term trend has been UP since Oct 10th, 2021 at 4.3630177

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
4.3803754 4.3803754 4.3803754 4.3803754 0.0000000
Prev. Close Volume Bid Ask Time
4.3803754 2021-10-14 07:18:43
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