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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Japanese Yen/Danish Krone (FOREX:JPYDKK)

Crossroads (-60) - JPYDKK 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 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
0.062197 0.062405 0.062136 0.062292 +0.000095
Entry Signal

MarketClub’s Trade Triangles for JPYDKK

long term up The long-term trend has been UP since Feb 13th, 2020 at 0.062650

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 0.063362

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.063302

Smart Scan Analysis for JPYDKK

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

-60
Smart Scan Analysis for JPYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.062197 0.062405 0.062136 0.062292 +0.000095
Prev. Close Volume Bid Ask Time
0.062197 0.062279 0.062305 2020-06-01 12:41:59
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