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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Japanese Yen/Danish Krone (FOREX:JPYDKK)

Long-Term Downtrend (-90) - JPYDKK is in a strong downtrend that is likely to continue. While JPYDKK is showing intraday strength, it remains in the confines of a bearish trend. 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
0.056263 0.056267 0.056036 0.056137 -0.000126
Entry Signal

MarketClub’s Trade Triangles for JPYDKK

long term down The long-term trend has been DOWN since Oct 15th, 2021 at 0.056150

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.056992

short term down The short-term trend has been DOWN since Oct 8th, 2021 at 0.057489

Smart Scan Analysis for JPYDKK

Based on our trend formula, JPYDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for JPYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.056263 0.056267 0.056036 0.056137 -0.000126
Prev. Close Volume Bid Ask Time
0.056263 2021-10-15 17:01:30
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