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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Danish Krone/Indian Rupee (FOREX:DKKINR)

Sidelines Mode (+55) - DKKINR 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 DKKINR?

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

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

FOREX_DKKINR
Open High Low DKKINR Price Change
12.084343 12.105796 12.074139 12.102416 +0.018073
Entry Signal

MarketClub’s Trade Triangles for DKKINR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 11.913908

intermediate term up The intermediate-term trend has been UP since May 13th, 2024 at 12.079586

short term down The short-term trend has been DOWN since May 21st, 2024 at 12.105317

Smart Scan Analysis for DKKINR

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

+55
Smart Scan Analysis for DKKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.084343 12.105796 12.074139 12.102416 +0.018073
Prev. Close Volume Bid Ask Time
12.084343 2024-05-27 15:47:44
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