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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Special drawing rights/Danish Krone (FOREX:XDRDKK)
Sidelines Mode (+55) - XDRDKK 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 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 UP since Feb 5th, 2024 at 9.205290
The intermediate-term trend has been UP since Apr 14th, 2024 at 9.190647
The short-term trend has been DOWN since Apr 18th, 2024 at 9.229527
Smart Scan Analysis for XDRDKK
Based on our trend formula, XDRDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.1729 | 9.1729 | 9.1729 | 9.1729 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.1729 | 2024-04-24 21:01:06 |