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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Danish Krone/Japanese Yen (FOREX:DKKJPY)

Countertrend Up (+85) - DKKJPY 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 DKKJPY?

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

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

FOREX_DKKJPY
Open High Low DKKJPY Price Change
21.8553 21.8788 21.8470 21.8700 +0.0147
Entry Signal

MarketClub’s Trade Triangles for DKKJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 21.9634

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 21.9634

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 21.9146

Smart Scan Analysis for DKKJPY

Based on our trend formula, DKKJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for DKKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.8553 21.8788 21.8470 21.8700 +0.0147
Prev. Close Volume Bid Ask Time
21.8553 2024-03-29 05:52:06
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