Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

New Zealand Dollar/Danish Krone (FOREX:NZDDKK)

Bear Market Rally (-75) - NZDDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDDKK as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid NZDDKK?

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

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

FOREX_NZDDKK
Open High Low NZDDKK Price Change
4.0530500 4.0561000 4.0240500 4.0283462 -0.0247040
Entry Signal

MarketClub’s Trade Triangles for NZDDKK

long term down The long-term trend has been DOWN since Jul 22nd, 2024 at 4.1080000

intermediate term down The intermediate-term trend has been DOWN since Dec 18th, 2024 at 4.0683789

short term up The short-term trend has been UP since Dec 25th, 2024 at 4.0605000

Smart Scan Analysis for NZDDKK

Based on our trend formula, NZDDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NZDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0530500 4.0561000 4.0240500 4.0283462 -0.0247040
Prev. Close Volume Bid Ask Time
4.0530500 2024-12-26 17:15:22
Get a free daily analysis and signals for New Zealand Dollar/Danish Krone (NZDDKK) - Request Your Free Report.