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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

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
6.3889 6.3889 6.3889 6.3889 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term up The long-term trend has been UP since Aug 8th, 2021 at 6.32950

intermediate term up The intermediate-term trend has been UP since Sep 19th, 2021 at 6.34234

short term up The short-term trend has been UP since Oct 18th, 2021 at 6.42400

Smart Scan Analysis for USDDKK

Based on our trend formula, USDDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3889 6.3889 6.3889 6.3889 0.0000
Prev. Close Volume Bid Ask Time
6.3889 2021-10-23 14:20:25
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