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Forex Trend Analysis Report

Prepared for you on Friday, April 3, 2020.

Euro/Danish Krone (FOREX:EURDKK)

Sidelines Mode (-55) - EURDKK 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 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.

FOREX_EURDKK
Open High Low EURDKK Price Change
7.467210 7.471050 7.462450 7.464195 -0.003015
Entry Signal

MarketClub’s Trade Triangles for EURDKK

long term up The long-term trend has been UP since Jan 1st, 2020 at 7.55528

intermediate term down The intermediate-term trend has been DOWN since Mar 23rd, 2020 at 7.46242

short term up The short-term trend has been UP since Apr 3rd, 2020 at 7.47085

Smart Scan Analysis for EURDKK

Based on our trend formula, EURDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.467210 7.471050 7.462450 7.464195 -0.003015
Prev. Close Volume Bid Ask Time
7.467210 7.457620 7.470770 2020-04-03 19:58:26
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