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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

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
1.36723 1.36740 1.35900 1.36014 -0.00709
Entry Signal

MarketClub’s Trade Triangles for DKKSEK

long term up The long-term trend has been UP since Apr 1st, 2021 at 1.3810

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2021 at 1.3640

short term up The short-term trend has been UP since Apr 20th, 2021 at 1.3615

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
1.36723 1.36740 1.35900 1.36014 -0.00709
Prev. Close Volume Bid Ask Time
1.36723 2021-05-07 16:25:28
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