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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Danish Krone/Polish New Zloty (FOREX:DKKPLN)

Countertrend Down (-85) - DKKPLN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_DKKPLN
Open High Low DKKPLN Price Change
0.57158500 0.57265685 0.57095000 0.57114000 -0.00044500
Entry Signal

MarketClub’s Trade Triangles for DKKPLN

long term down The long-term trend has been DOWN since Mar 11th, 2024 at 0.57576500

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2024 at 0.57412000

short term up The short-term trend has been UP since May 22nd, 2024 at 0.57250266

Smart Scan Analysis for DKKPLN

Based on our trend formula, DKKPLN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for DKKPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.57158500 0.57265685 0.57095000 0.57114000 -0.00044500
Prev. Close Volume Bid Ask Time
0.57158500 2024-05-23 11:47:08
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