Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

US Dollar/Danish Krone (FOREX:USDDKK)

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

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

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

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

FOREX_USDDKK
Open High Low USDDKK Price Change
7.001925 7.013025 6.976670 6.993625 -0.008300
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term up The long-term trend has been UP since Apr 11th, 2024 at 6.970600

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 6.882650

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 6.995295

Smart Scan Analysis for USDDKK

Based on our trend formula, USDDKK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.001925 7.013025 6.976670 6.993625 -0.008300
Prev. Close Volume Bid Ask Time
7.001925 2024-04-23 07:26:28
Get a free daily analysis and signals for US Dollar/Danish Krone (USDDKK) - Request Your Free Report.