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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Danish Krone/Brazilian Real (FOREX:DKKBRL)

Sidelines Mode (-50) - DKKBRL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKBRL can gain momentum.

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.

FOREX_DKKBRL
Open High Low DKKBRL Price Change
0.8636139 0.8644766 0.8497927 0.8510250 -0.0125890
Entry Signal

MarketClub’s Trade Triangles for DKKBRL

long term up The long-term trend has been UP since Oct 8th, 2021 at 0.8591218

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2021 at 0.8493527

short term down The short-term trend has been DOWN since Dec 7th, 2021 at 0.8515216

Smart Scan Analysis for DKKBRL

Based on our trend formula, DKKBRL is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for DKKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8636139 0.8644766 0.8497927 0.8510250 -0.0125890
Prev. Close Volume Bid Ask Time
0.8636139 2021-12-07 18:52:43
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