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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Danish Krone/Swedish Krona (FOREX:DKKSEK)

Sidelines Mode (+55) - DKKSEK 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 DKKSEK?

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

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

FOREX_DKKSEK
Open High Low DKKSEK Price Change
1.504840 1.508215 1.491900 1.493120 -0.011720
Entry Signal

MarketClub’s Trade Triangles for DKKSEK

long term up The long-term trend has been UP since Nov 26th, 2021 at 1.389030

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2023 at 1.507230

short term down The short-term trend has been DOWN since Mar 20th, 2023 at 1.493805

Smart Scan Analysis for DKKSEK

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

+55
Smart Scan Analysis for DKKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.504840 1.508215 1.491900 1.493120 -0.011720
Prev. Close Volume Bid Ask Time
1.504840 2023-03-20 19:23:56
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