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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Danish Krone/Ugandan Shilling (FOREX:DKKUGX)

Strong Downtrend (-100) - DKKUGX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKUGX continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_DKKUGX
Open High Low DKKUGX Price Change
518.38865 518.38865 518.37440 518.37440 -0.01425
Entry Signal

MarketClub’s Trade Triangles for DKKUGX

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 550.33796

intermediate term down The intermediate-term trend has been DOWN since Oct 1st, 2024 at 552.03832

short term down The short-term trend has been DOWN since Oct 1st, 2024 at 552.35209

Smart Scan Analysis for DKKUGX

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

-100
Smart Scan Analysis for DKKUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
518.38865 518.38865 518.37440 518.37440 -0.01425
Prev. Close Volume Bid Ask Time
518.38865 2024-12-05 21:06:09
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