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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Special drawing rights/Danish Krone (FOREX:XDRDKK)
Countertrend Down (-85) - XDRDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for XDRDKK
The long-term trend has been DOWN since May 16th, 2024 at 9.076169
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 9.091529
The short-term trend has been UP since Jul 21st, 2024 at 9.072972
Smart Scan Analysis for XDRDKK
Based on our trend formula, XDRDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.113843 | 9.113843 | 9.113843 | 9.113843 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.113843 | 2024-07-26 14:00:16 |