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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 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
12.093320 12.098057 12.076951 12.078915 -0.014405
Entry Signal

MarketClub’s Trade Triangles for DKKINR

long term up The long-term trend has been UP since Dec 26th, 2023 at 12.318276

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 12.103694

short term down The short-term trend has been DOWN since Mar 11th, 2024 at 12.059054

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
12.093320 12.098057 12.076951 12.078915 -0.014405
Prev. Close Volume Bid Ask Time
12.093320 2024-03-19 04:09:14
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