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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Danish Krone/British Pound (FOREX:DKKGBP)

Bear Market Rally (-75) - DKKGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKGBP as it may be in the beginning of a reversal.

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

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

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

FOREX_DKKGBP
Open High Low DKKGBP Price Change
0.11475720 0.11483850 0.11465950 0.11466576 -0.00009100
Entry Signal

MarketClub’s Trade Triangles for DKKGBP

long term down The long-term trend has been DOWN since Jan 23rd, 2024 at 0.11465326

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2024 at 0.11518705

short term down The short-term trend has been DOWN since May 14th, 2024 at 0.11511455

Smart Scan Analysis for DKKGBP

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

-75
Smart Scan Analysis for DKKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11475720 0.11483850 0.11465950 0.11466576 -0.00009100
Prev. Close Volume Bid Ask Time
0.11475720 2024-05-20 05:38:53
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