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Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Euro/Danish Krone (FOREX:EURDKK)
Countertrend Down (-85) - EURDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Aug 18th, 2022 at 7.433390
The intermediate-term trend has been DOWN since Aug 11th, 2022 at 7.436865
The short-term trend has been UP since Aug 18th, 2022 at 7.439550
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 |
|---|---|---|---|---|
| 7.43712 | 7.43862 | 7.43636 | 7.43677 | -0.00035 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.43712 | 2022-08-19 16:05:57 |