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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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
0.16240885 0.16262150 0.16176858 0.16202469 -0.00038400
Entry Signal

MarketClub’s Trade Triangles for DKKUSD

long term up The long-term trend has been UP since Jul 14th, 2020 at 0.15319613

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 0.16363693

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 0.16284656

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
0.16240885 0.16262150 0.16176858 0.16202469 -0.00038400
Prev. Close Volume Bid Ask Time
0.16240885 2021-03-01 06:10:48
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