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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

New Zealand Dollar/Danish Krone (FOREX:NZDDKK)

Long-Term Uptrend (+90) - NZDDKK is in a strong uptrend that is likely to continue. While NZDDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
4.6648 4.6673 4.6543 4.6587 -0.0061
Entry Signal

MarketClub’s Trade Triangles for NZDDKK

long term up The long-term trend has been UP since Aug 4th, 2022 at 4.6140

intermediate term up The intermediate-term trend has been UP since Jul 6th, 2022 at 4.5040

short term up The short-term trend has been UP since Aug 10th, 2022 at 4.5994

Smart Scan Analysis for NZDDKK

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

+90
Smart Scan Analysis for NZDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6648 4.6673 4.6543 4.6587 -0.0061
Prev. Close Volume Bid Ask Time
4.6648 2022-08-15 02:28:47
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