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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

Danish Krone/Special drawing rights (FOREX:DKKXDR)

Countertrend Up (+85) - DKKXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.11217821 0.11217821 0.11217821 0.11217821 0.00000000
Entry Signal

MarketClub’s Trade Triangles for DKKXDR

long term up The long-term trend has been UP since May 19th, 2020 at 0.10811361

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 0.11213566

short term up The short-term trend has been UP since Nov 23rd, 2020 at 0.11202537

Smart Scan Analysis for DKKXDR

Based on our trend formula, DKKXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for DKKXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11217821 0.11217821 0.11217821 0.11217821 0.00000000
Prev. Close Volume Bid Ask Time
0.11217821 2020-11-23 21:07:07
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