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Forex Trend Analysis Report

Prepared for you on Saturday, August 13, 2022.

Danish Krone/Special drawing rights (FOREX:DKKXDR)

Sidelines Mode (+50) - DKKXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKXDR can gain momentum.

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

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

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

FOREX_DKKXDR
Open High Low DKKXDR Price Change
0.10516044 0.10516044 0.10516044 0.10516044 0.00000000
Entry Signal

MarketClub’s Trade Triangles for DKKXDR

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.11230841

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 0.10328657

short term up The short-term trend has been UP since Jul 27th, 2022 at 0.10328657

Smart Scan Analysis for DKKXDR

Based on our trend formula, DKKXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for DKKXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10516044 0.10516044 0.10516044 0.10516044 0.00000000
Prev. Close Volume Bid Ask Time
0.10516044 2022-08-11 07:19:12
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