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Forex Trend Analysis Report

Prepared for you on Saturday, May 8, 2021.

Danish Krone/Russian Ruble (FOREX:DKKRUB)

Sidelines Mode (+55) - DKKRUB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_DKKRUB
Open High Low DKKRUB Price Change
12.048054 12.078591 12.017423 12.063824 +0.015770
Entry Signal

MarketClub’s Trade Triangles for DKKRUB

long term up The long-term trend has been UP since Apr 7th, 2021 at 12.438848

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2021 at 12.137105

short term down The short-term trend has been DOWN since Apr 16th, 2021 at 12.142451

Smart Scan Analysis for DKKRUB

Based on our trend formula, DKKRUB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for DKKRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.048054 12.078591 12.017423 12.063824 +0.015770
Prev. Close Volume Bid Ask Time
12.048054 2021-05-07 17:13:30
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