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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

British Pound/Danish Krone (FOREX:GBPDKK)

Bull Market Weakness (+75) - GBPDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPDKK as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPDKK
Open High Low GBPDKK Price Change
8.8225 8.8225 8.8225 8.8225 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term up The long-term trend has been UP since Jan 23rd, 2024 at 8.72185

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 8.74820

short term down The short-term trend has been DOWN since Jun 20th, 2024 at 8.81265

Smart Scan Analysis for GBPDKK

Based on our trend formula, GBPDKK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.8225 8.8225 8.8225 8.8225 0.0000
Prev. Close Volume Bid Ask Time
8.8225 2024-06-22 06:01:52
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