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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Danish Krone/Rwandan Franc (FOREX:DKKRWF)
Sidelines Mode (+55) - DKKRWF 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 DKKRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKRWF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DKKRWF
The long-term trend has been UP since Nov 11th, 2022 at 143.74120
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 186.17012
The short-term trend has been UP since Apr 18th, 2024 at 183.85813
Smart Scan Analysis for DKKRWF
Based on our trend formula, DKKRWF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 184.22543 | 184.24235 | 184.22543 | 184.24235 | +0.01692 |
| Prev. Close | Volume | Bid | Ask | Time |
| 184.91691 | 2024-04-23 21:01:41 |