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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Danish Krone/Ugandan Shilling (FOREX:DKKUGX)

Long-Term Downtrend (-90) - DKKUGX is in a strong downtrend that is likely to continue. While DKKUGX is showing intraday strength, it remains in the confines of a bearish trend. 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
534.19305 534.19305 534.19305 534.19305 0.00000
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 Jun 11th, 2024 at 552.46027

short term down The short-term trend has been DOWN since Jun 6th, 2024 at 553.97800

Smart Scan Analysis for DKKUGX

Based on our trend formula, DKKUGX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DKKUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
534.19305 534.19305 534.19305 534.19305 0.00000
Prev. Close Volume Bid Ask Time
534.19305 2024-06-19 03:18:39
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