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Forex Trend Analysis Report

Prepared for you on Sunday, November 29, 2020.

British Pound/Danish Krone (FOREX:GBPDKK)

Sidelines Mode (+55) - GBPDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
8.2804 8.2804 8.2804 8.2804 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term up The long-term trend has been UP since Nov 11th, 2020 at 8.3938

intermediate term up The intermediate-term trend has been UP since Oct 29th, 2020 at 8.2635

short term down The short-term trend has been DOWN since Nov 25th, 2020 at 8.3424

Smart Scan Analysis for GBPDKK

Based on our trend formula, GBPDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.2804 8.2804 8.2804 8.2804 0.0000
Prev. Close Volume Bid Ask Time
8.2804 2020-11-29 04:26:12
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