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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

Danish Krone/New Zealand Dollar (FOREX:DKKNZD)

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

Is it time to buy, sell, or avoid DKKNZD?

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

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

FOREX_DKKNZD
Open High Low DKKNZD Price Change
0.23765250 0.23807800 0.23755789 0.23775800 +0.00010600
Entry Signal

MarketClub’s Trade Triangles for DKKNZD

long term up The long-term trend has been UP since Mar 19th, 2024 at 0.2404800

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2024 at 0.2395240

short term down The short-term trend has been DOWN since May 21st, 2024 at 0.2373422

Smart Scan Analysis for DKKNZD

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

-70
Smart Scan Analysis for DKKNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23765250 0.23807800 0.23755789 0.23775800 +0.00010600
Prev. Close Volume Bid Ask Time
0.23765250 2024-05-24 10:24:11
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