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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

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
0.21360995 0.21398365 0.21185000 0.21282332 -0.00078700
Entry Signal

MarketClub’s Trade Triangles for TRYDKK

long term down The long-term trend has been DOWN since Oct 12th, 2021 at 0.71195

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.21165

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.21215

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
0.21360995 0.21398365 0.21185000 0.21282332 -0.00078700
Prev. Close Volume Bid Ask Time
0.21332837 2024-06-14 17:00:04
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