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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

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

Sidelines Mode (-55) - DKKAED 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 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
0.53312409 0.53434751 0.53193635 0.53219841 -0.00092600
Entry Signal

MarketClub’s Trade Triangles for DKKAED

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 0.52740492

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 0.53163384

short term down The short-term trend has been DOWN since May 22nd, 2024 at 0.53356994

Smart Scan Analysis for DKKAED

Based on our trend formula, DKKAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for DKKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.53312409 0.53434751 0.53193635 0.53219841 -0.00092600
Prev. Close Volume Bid Ask Time
0.53312409 2024-05-23 16:01:26
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