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Forex Trend Analysis Report

Prepared for you on Friday, April 3, 2020.

/Danish Krone (FOREX:XDRDKK)

Long-Term Downtrend (-90) - XDRDKK is in a strong downtrend that is likely to continue. While XDRDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
9.338717 9.338717 9.338717 9.338717 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRDKK

long term down The long-term trend has been DOWN since Mar 24th, 2020 at 9.289458

intermediate term down The intermediate-term trend has been DOWN since Mar 24th, 2020 at 9.353686

short term down The short-term trend has been DOWN since Mar 24th, 2020 at 9.333206

Smart Scan Analysis for XDRDKK

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

-90
Smart Scan Analysis for XDRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.338717 9.338717 9.338717 9.338717 0.000000
Prev. Close Volume Bid Ask Time
9.338717 9.338717 9.338717 2020-04-02 07:19:26
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