Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, December 4, 2024.
Danish Krone/Norwegian Krone (FOREX:DKKNOK)
Strong Downtrend (-100) - DKKNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKNOK continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DKKNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for DKKNOK
The long-term trend has been DOWN since Nov 22nd, 2024 at 1.5511463
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 1.5684450
The short-term trend has been DOWN since Dec 3rd, 2024 at 1.5582264
Smart Scan Analysis for DKKNOK
Based on our trend formula, DKKNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5598344 | 1.5604168 | 1.5582609 | 1.5597850 | -0.0000490 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5598344 | 2024-12-04 01:23:05 |