Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Danish Krone/United Arab Emirates Dirham (FOREX:DKKAED)

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

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

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

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

FOREX_DKKAED
Open High Low DKKAED Price Change
0.58029773 0.58217533 0.57926246 0.57926246 -0.00103500
Entry Signal

MarketClub’s Trade Triangles for DKKAED

long term up The long-term trend has been UP since Jul 14th, 2020 at 0.56261666

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 0.53983003

short term down The short-term trend has been DOWN since Aug 4th, 2020 at 0.57972746

Smart Scan Analysis for DKKAED

Based on our trend formula, DKKAED is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for DKKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58029773 0.58217533 0.57926246 0.57926246 -0.00103500
Prev. Close Volume Bid Ask Time
0.58029773 0.57892669 0.57959822 2020-08-04 09:15:04
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