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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

Special drawing rights/Danish Krone (FOREX:XDRDKK)

Countertrend Up (+85) - XDRDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
8.94763 8.94763 8.94763 8.94763 0.00000
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 Mar 5th, 2021 at 8.904053

short term up The short-term trend has been UP since Mar 5th, 2021 at 8.828339

Smart Scan Analysis for XDRDKK

Based on our trend formula, XDRDKK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for XDRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.94763 8.94763 8.94763 8.94763 0.00000
Prev. Close Volume Bid Ask Time
8.94763 2021-03-05 07:55:17
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