Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

British Pound/Danish Krone (FOREX:GBPDKK)

Bear Market Rally (-75) - GBPDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPDKK as it may be in the beginning 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
8.46590 8.48311 8.43615 8.44640 -0.01950
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term down The long-term trend has been DOWN since Mar 1st, 2020 at 8.64760

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2020 at 8.75260

short term down The short-term trend has been DOWN since Apr 6th, 2020 at 8.43385

Smart Scan Analysis for GBPDKK

Based on our trend formula, GBPDKK is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.46590 8.48311 8.43615 8.44640 -0.01950
Prev. Close Volume Bid Ask Time
8.46590 8.44500 8.44780 2020-04-07 07:03:17
Get a free daily analysis and signals for British Pound/Danish Krone (GBPDKK) - Request Your Free Report.