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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

Turkish Lira/Danish Krone (FOREX:TRYDKK)

Long-Term Downtrend (-90) - TRYDKK is in a strong downtrend that is likely to continue. While TRYDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_TRYDKK
Open High Low TRYDKK Price Change
0.35618518 0.35845000 0.35520000 0.35818437 +0.00199900
Entry Signal

MarketClub’s Trade Triangles for TRYDKK

long term down The long-term trend has been DOWN since Oct 12th, 2021 at 0.71195000

intermediate term down The intermediate-term trend has been DOWN since Mar 14th, 2023 at 0.36245000

short term down The short-term trend has been DOWN since Mar 28th, 2023 at 0.35670071

Smart Scan Analysis for TRYDKK

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

-90
Smart Scan Analysis for TRYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35618518 0.35845000 0.35520000 0.35818437 +0.00199900
Prev. Close Volume Bid Ask Time
0.35618518 2023-03-31 17:08:14
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