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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Danish Krone/Norwegian Krone (FOREX:DKKNOK)

Weak Downtrend (-65) - DKKNOK is showing signs of a strengthening downtrend. Monitor DKKNOK as it may be building momentum to the downside.

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
1.5553850 1.5569721 1.5541085 1.5551550 -0.0002300
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term up The long-term trend has been UP since Mar 29th, 2024 at 1.5918632

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2024 at 1.5494583

short term down The short-term trend has been DOWN since May 9th, 2024 at 1.5619020

Smart Scan Analysis for DKKNOK

Based on our trend formula, DKKNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5553850 1.5569721 1.5541085 1.5551550 -0.0002300
Prev. Close Volume Bid Ask Time
1.5553850 2024-05-20 05:27:34
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