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Forex Trend Analysis Report
Prepared for you on Wednesday, January 15, 2025.
British Pound/Danish Krone (FOREX:GBPDKK)
Countertrend Down (-85) - GBPDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jan 14th, 2025 at 8.82965
The intermediate-term trend has been DOWN since Jan 8th, 2025 at 8.95540
The short-term trend has been UP since Jan 8th, 2025 at 9.00345
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.83640 | 8.86115 | 8.82730 | 8.84480 | +0.00840 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.83640 | 2025-01-15 05:15:19 |