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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.

FOREX_DKKNOK
Open High Low DKKNOK Price Change
1.5598344 1.5604168 1.5582609 1.5597850 -0.0000490
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term down The long-term trend has been DOWN since Nov 22nd, 2024 at 1.5511463

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2024 at 1.5684450

short term down 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).

-100
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways 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
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