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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
US Dollar/Danish Krone (FOREX:USDDKK)
Sidelines Mode (+55) - USDDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDDKK
The long-term trend has been UP since Nov 5th, 2024 at 6.93076
The intermediate-term trend has been UP since Oct 4th, 2024 at 6.78281
The short-term trend has been DOWN since Jan 15th, 2025 at 7.23700
Smart Scan Analysis for USDDKK
Based on our trend formula, USDDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.241835 | 7.243530 | 7.154000 | 7.159370 | -0.082465 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.241835 | 2025-01-20 09:51:23 |