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Forex Trend Analysis Report

Prepared for you on Thursday, July 9, 2020.

Danish Krone/Swedish Krona (FOREX:DKKSEK)

Strong Downtrend (-100) - DKKSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
1.39666 1.39777 1.39480 1.39560 -0.00106
Entry Signal

MarketClub’s Trade Triangles for DKKSEK

long term down The long-term trend has been DOWN since May 29th, 2020 at 1.40320

intermediate term down The intermediate-term trend has been DOWN since Apr 27th, 2020 at 1.45150

short term down The short-term trend has been DOWN since Jul 7th, 2020 at 1.40108

Smart Scan Analysis for DKKSEK

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

-100
Smart Scan Analysis for DKKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.39666 1.39777 1.39480 1.39560 -0.00106
Prev. Close Volume Bid Ask Time
1.39666 1.39500 1.39620 2020-07-09 08:29:35
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