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Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

Japanese Yen/Danish Krone (FOREX:JPYDKK)

Strong Downtrend (-100) - JPYDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, JPYDKK continues to fall. Traders should use caution 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
0.0453970 0.0455120 0.0453555 0.0453570 -0.0000400
Entry Signal

MarketClub’s Trade Triangles for JPYDKK

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.04553

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.04553

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 0.04537

Smart Scan Analysis for JPYDKK

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

-100
Smart Scan Analysis for JPYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0453970 0.0455120 0.0453555 0.0453570 -0.0000400
Prev. Close Volume Bid Ask Time
0.0453970 2024-04-17 04:40:16
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