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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

New Zealand Dollar/Danish Krone (FOREX:NZDDKK)

Sidelines Mode (-50) - NZDDKK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NZDDKK can gain momentum.

Is it time to buy, sell, or avoid ?

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
4.4322 4.4434 4.4260 4.4400 +0.0078
Entry Signal

MarketClub’s Trade Triangles for NZDDKK

long term up The long-term trend has been UP since Dec 2nd, 2019 at 4.3885

intermediate term down The intermediate-term trend has been DOWN since Jan 28th, 2020 at 4.4298

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 4.4271

Smart Scan Analysis for NZDDKK

Based on our trend formula, NZDDKK is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for NZDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4322 4.4434 4.4260 4.4400 +0.0078
Prev. Close Volume Bid Ask Time
4.4322 4.4384 4.4416 2020-02-17 16:21:33
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