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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

British Pound/Danish Krone (FOREX:GBPDKK)

Crossroads (+60) - GBPDKK is struggling to move into a solid trend. Beware of choppy markets 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
8.4728 8.4906 8.4633 8.4782 +0.0054
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term down The long-term trend has been DOWN since Jan 2nd, 2023 at 8.3769

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2023 at 8.5008

short term up The short-term trend has been UP since Mar 27th, 2023 at 8.4894

Smart Scan Analysis for GBPDKK

Based on our trend formula, GBPDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.4728 8.4906 8.4633 8.4782 +0.0054
Prev. Close Volume Bid Ask Time
8.4728 2023-03-27 16:32:23
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