Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDDKK
The long-term trend has been DOWN since Jul 15th, 2024 at 6.832565
The intermediate-term trend has been DOWN since Jul 8th, 2024 at 6.879270
The short-term trend has been UP since Jul 22nd, 2024 at 6.861010
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 |
|---|---|---|---|---|
| 6.873405 | 6.883130 | 6.866340 | 6.874000 | +0.000595 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.873405 | 2024-07-26 19:33:36 |