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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Special drawing rights/Danish Krone (FOREX:XDRDKK)

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

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

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

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

FOREX_XDRDKK
Open High Low XDRDKK Price Change
9.032235 9.032235 9.032235 9.032235 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRDKK

long term up The long-term trend has been UP since Mar 5th, 2021 at 8.904053

intermediate term up The intermediate-term trend has been UP since Sep 23rd, 2021 at 9.002718

short term up The short-term trend has been UP since Sep 27th, 2021 at 9.009068

Smart Scan Analysis for XDRDKK

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

+70
Smart Scan Analysis for XDRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.032235 9.032235 9.032235 9.032235 0.000000
Prev. Close Volume Bid Ask Time
9.032235 2021-10-14 07:18:44
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