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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2025.

Danish Krone/US Dollar (FOREX:DKKUSD)

Sidelines Mode (-55) - DKKUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_DKKUSD
Open High Low DKKUSD Price Change
0.1396455 0.1401530 0.1393665 0.1395595 -0.0000860
Entry Signal

MarketClub’s Trade Triangles for DKKUSD

long term down The long-term trend has been DOWN since Nov 5th, 2024 at 0.14429265

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2024 at 0.14743152

short term up The short-term trend has been UP since Jan 15th, 2025 at 0.13817499

Smart Scan Analysis for DKKUSD

Based on our trend formula, DKKUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for DKKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1396455 0.1401530 0.1393665 0.1395595 -0.0000860
Prev. Close Volume Bid Ask Time
0.1396455 2025-01-22 23:34:17
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