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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Danish Krone/Ukrainian Hryvnia (FOREX:DKKUAH)

Countertrend Up (+85) - DKKUAH 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 DKKUAH?

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

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

FOREX_DKKUAH
Open High Low DKKUAH Price Change
5.8343285 5.8353530 5.8343285 5.8352201 +0.0008920
Entry Signal

MarketClub’s Trade Triangles for DKKUAH

long term up The long-term trend has been UP since Dec 11th, 2023 at 5.3213532

intermediate term up The intermediate-term trend has been UP since Apr 26th, 2024 at 5.6815464

short term down The short-term trend has been DOWN since Jun 16th, 2024 at 5.8344497

Smart Scan Analysis for DKKUAH

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

+85
Smart Scan Analysis for DKKUAH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.8343285 5.8353530 5.8343285 5.8352201 +0.0008920
Prev. Close Volume Bid Ask Time
5.8413659 2024-06-16 21:00:28
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