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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Danish Krone/South African Rand (FOREX:DKKZAR)
Sidelines Mode (+55) - DKKZAR 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 DKKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DKKZAR
The long-term trend has been DOWN since Apr 5th, 2024 at 2.700090
The intermediate-term trend has been UP since Nov 13th, 2024 at 2.584625
The short-term trend has been DOWN since Nov 18th, 2024 at 2.560850
Smart Scan Analysis for DKKZAR
Based on our trend formula, DKKZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.563535 | 2.569680 | 2.559150 | 2.565780 | +0.002245 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.563535 | 2024-11-20 03:49:01 |