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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

Danish Krone/Japanese Yen (FOREX:DKKJPY)

Sidelines Mode (+55) - DKKJPY 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 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
23.1935 23.2438 22.9783 23.0737 -0.1198
Entry Signal

MarketClub’s Trade Triangles for DKKJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 21.96340

intermediate term up The intermediate-term trend has been UP since Jun 21st, 2024 at 22.91185

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 23.28500

Smart Scan Analysis for DKKJPY

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

+55
Smart Scan Analysis for DKKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.1935 23.2438 22.9783 23.0737 -0.1198
Prev. Close Volume Bid Ask Time
23.1935 2024-07-12 17:01:21
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