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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Danish Krone (FOREX:GBPDKK)
Strong Uptrend (+100) - GBPDKK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPDKK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for GBPDKK
The long-term trend has been UP since Jan 23rd, 2024 at 8.72185
The intermediate-term trend has been UP since Nov 8th, 2024 at 8.99100
The short-term trend has been UP since Nov 20th, 2024 at 8.95185
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.93500 | 8.95820 | 8.93355 | 8.95500 | +0.02000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.93500 | 2024-11-20 03:26:16 |