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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/Danish Krone (FOREX:EURDKK)
Countertrend Up (+85) - EURDKK 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 EURDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURDKK.
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 EURDKK
The long-term trend has been UP since Jun 28th, 2023 at 7.45961
The intermediate-term trend has been UP since Jul 12th, 2024 at 7.46509
The short-term trend has been DOWN since Jul 26th, 2024 at 7.45997
Smart Scan Analysis for EURDKK
Based on our trend formula, EURDKK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.46325 | 7.47413 | 7.45789 | 7.46335 | +0.00010 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.46325 | 2024-07-26 19:59:56 |