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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Danish Krone/Brazilian Real (FOREX:DKKBRL)
Countertrend Up (+85) - DKKBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DKKBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKBRL.
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 DKKBRL
The long-term trend has been UP since Oct 6th, 2023 at 0.7335372
The intermediate-term trend has been UP since Feb 23rd, 2024 at 0.7238953
The short-term trend has been DOWN since Apr 22nd, 2024 at 0.7404731
Smart Scan Analysis for DKKBRL
Based on our trend formula, DKKBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7354328 | 0.7435610 | 0.7352874 | 0.7427370 | +0.0073040 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7354328 | 2024-04-25 11:43:07 |