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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

US Dollar/Danish Krone (FOREX:USDDKK)

Long-Term Uptrend (+90) - USDDKK is in a strong uptrend that is likely to continue. While USDDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
6.775600 6.846135 6.767300 6.833440 +0.057840
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term up The long-term trend has been UP since Mar 19th, 2020 at 6.92969

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2020 at 6.91289

short term up The short-term trend has been UP since Mar 31st, 2020 at 6.81046

Smart Scan Analysis for USDDKK

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

+90
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.775600 6.846135 6.767300 6.833440 +0.057840
Prev. Close Volume Bid Ask Time
6.775600 6.832770 6.834110 2020-04-01 14:32:51
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