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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Danish Krone/Pakistani Rupee (FOREX:DKKPKR)

Crossroads (+60) - DKKPKR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_DKKPKR
Open High Low DKKPKR Price Change
40.556789 40.605427 40.405285 40.406691 -0.150098
Entry Signal

MarketClub’s Trade Triangles for DKKPKR

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 40.064984

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 40.312794

short term up The short-term trend has been UP since May 28th, 2024 at 40.581332

Smart Scan Analysis for DKKPKR

Based on our trend formula, DKKPKR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for DKKPKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.556789 40.605427 40.405285 40.406691 -0.150098
Prev. Close Volume Bid Ask Time
40.556789 2024-05-29 11:01:38
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