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Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

British Pound/Danish Krone (FOREX:GBPDKK)

Crossroads (+60) - GBPDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
8.63230 8.65135 8.61850 8.62540 -0.00690
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term down The long-term trend has been DOWN since Oct 19th, 2023 at 8.5630

intermediate term up The intermediate-term trend has been UP since Nov 29th, 2023 at 8.6224

short term up The short-term trend has been UP since Nov 21st, 2023 at 8.5381

Smart Scan Analysis for GBPDKK

Based on our trend formula, GBPDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.63230 8.65135 8.61850 8.62540 -0.00690
Prev. Close Volume Bid Ask Time
8.63230 2023-11-30 09:41:24
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