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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

New Zealand Dollar/Danish Krone (FOREX:NZDDKK)

Weak Downtrend (-65) - NZDDKK is showing signs of a strengthening downtrend. Monitor NZDDKK as it may be building momentum to the downside.

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
4.16180 4.16310 4.15420 4.15745 -0.00435
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 Oct 9th, 2024 at 4.1361000

short term up The short-term trend has been UP since Nov 19th, 2024 at 4.1599957

Smart Scan Analysis for NZDDKK

Based on our trend formula, NZDDKK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NZDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.16180 4.16310 4.15420 4.15745 -0.00435
Prev. Close Volume Bid Ask Time
4.16180 2024-11-20 03:36:34
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