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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

New Zealand Dollar/Danish Krone (FOREX:NZDDKK)

Bull Market Weakness (+75) - NZDDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDDKK as it may be in the beginning stages 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.

Open High Low NZDDKK Price Change
4.20915 4.21170 4.20660 4.20980 +0.00065
Entry Signal

MarketClub’s Trade Triangles for NZDDKK

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 4.28500

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 4.11345

short term up The short-term trend has been UP since Jun 1st, 2020 at 4.19860

Smart Scan Analysis for NZDDKK

Based on our trend formula, NZDDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for NZDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.20915 4.21170 4.20660 4.20980 +0.00065
Prev. Close Volume Bid Ask Time
4.20915 4.20750 4.21210 2020-06-02 01:14:11
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