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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 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.

FOREX_DKKZAR
Open High Low DKKZAR Price Change
2.717900 2.739395 2.711300 2.735875 +0.017975
Entry Signal

MarketClub’s Trade Triangles for DKKZAR

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 2.700090

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 2.719410

short term up The short-term trend has been UP since Apr 15th, 2024 at 2.712415

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).

-55
Smart Scan Analysis for DKKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.717900 2.739395 2.711300 2.735875 +0.017975
Prev. Close Volume Bid Ask Time
2.717900 2024-04-18 12:09:15
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