Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Danish Krone/US Dollar (FOREX:DKKUSD)

Long-Term Downtrend (-90) - DKKUSD is in a strong downtrend that is likely to continue. While DKKUSD 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 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
0.14333900 0.14399532 0.14333219 0.14394200 +0.00060300
Entry Signal

MarketClub’s Trade Triangles for DKKUSD

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 0.14346297

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 0.14462947

short term down The short-term trend has been DOWN since Jun 21st, 2024 at 0.14346791

Smart Scan Analysis for DKKUSD

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

-90
Smart Scan Analysis for DKKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14333900 0.14399532 0.14333219 0.14394200 +0.00060300
Prev. Close Volume Bid Ask Time
0.14333900 2024-06-24 09:44:41
Get a free daily analysis and signals for Danish Krone/US Dollar (DKKUSD) - Request Your Free Report.