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Forex Trend Analysis Report

Prepared for you on Sunday, June 26, 2022.

Japanese Yen/Danish Krone (FOREX:JPYDKK)

Countertrend Down (-85) - JPYDKK 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 JPYDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYDKK
Open High Low JPYDKK Price Change
0.052451 0.052602 0.052126 0.052149 -0.000302
Entry Signal

MarketClub’s Trade Triangles for JPYDKK

long term down The long-term trend has been DOWN since Mar 22nd, 2022 at 0.0558740

intermediate term down The intermediate-term trend has been DOWN since May 31st, 2022 at 0.0537990

short term up The short-term trend has been UP since Jun 23rd, 2022 at 0.0525595

Smart Scan Analysis for JPYDKK

Based on our trend formula, JPYDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for JPYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.052451 0.052602 0.052126 0.052149 -0.000302
Prev. Close Volume Bid Ask Time
0.052451 2022-06-24 17:03:21
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