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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

British Pound/Danish Krone (FOREX:GBPDKK)

Long-Term Uptrend (+90) - GBPDKK is in a strong uptrend that is likely to continue. While GBPDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
8.81995 8.81995 8.81995 8.81995 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term up The long-term trend has been UP since Nov 11th, 2020 at 8.39380

intermediate term up The intermediate-term trend has been UP since Oct 6th, 2021 at 8.74735

short term up The short-term trend has been UP since Oct 14th, 2021 at 8.78215

Smart Scan Analysis for GBPDKK

Based on our trend formula, GBPDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.81995 8.81995 8.81995 8.81995 0.00000
Prev. Close Volume Bid Ask Time
8.81995 2021-10-17 03:45:54
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