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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Danish Krone/Australian Dollar (FOREX:DKKAUD)

Sidelines Mode (-55) - DKKAUD 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 DKKAUD?

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

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

FOREX_DKKAUD
Open High Low DKKAUD Price Change
0.21963397 0.21963996 0.21963397 0.21963996 +0.00000600
Entry Signal

MarketClub’s Trade Triangles for DKKAUD

long term down The long-term trend has been DOWN since May 3rd, 2024 at 0.21843028

intermediate term down The intermediate-term trend has been DOWN since Apr 26th, 2024 at 0.21940740

short term up The short-term trend has been UP since May 20th, 2024 at 0.21871086

Smart Scan Analysis for DKKAUD

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

-55
Smart Scan Analysis for DKKAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21963397 0.21963996 0.21963397 0.21963996 +0.00000600
Prev. Close Volume Bid Ask Time
0.21963397 2024-05-25 06:03:52
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