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Forex Trend Analysis Report

Prepared for you on Saturday, November 9, 2024.

Danish Krone/Swedish Krona (FOREX:DKKSEK)

Bull Market Weakness (+75) - DKKSEK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKSEK as it may be in the beginning stages of a reversal.

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
1.548550 1.559600 1.547885 1.554400 +0.005850
Entry Signal

MarketClub’s Trade Triangles for DKKSEK

long term up The long-term trend has been UP since Mar 27th, 2024 at 1.53332

intermediate term up The intermediate-term trend has been UP since Oct 16th, 2024 at 1.52823

short term down The short-term trend has been DOWN since Nov 7th, 2024 at 1.55765

Smart Scan Analysis for DKKSEK

Based on our trend formula, DKKSEK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for DKKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.548550 1.559600 1.547885 1.554400 +0.005850
Prev. Close Volume Bid Ask Time
1.548550 2024-11-08 17:06:48
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