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Forex Trend Analysis Report

Prepared for you on Wednesday, July 8, 2020.

Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)

Bear Market Rally (-75) - DKKTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKTWD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid DKKTWD?

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

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

FOREX_DKKTWD
Open High Low DKKTWD Price Change
4.4583253 4.4583253 4.4583253 4.4583253 0.0000000
Entry Signal

MarketClub’s Trade Triangles for DKKTWD

long term down The long-term trend has been DOWN since Mar 22nd, 2020 at 4.3535399

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 4.4626036

short term up The short-term trend has been UP since Jul 6th, 2020 at 4.4582261

Smart Scan Analysis for DKKTWD

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

-75
Smart Scan Analysis for DKKTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4583253 4.4583253 4.4583253 4.4583253 0.0000000
Prev. Close Volume Bid Ask Time
4.4583253 4.3241386 4.5925120 2020-07-07 07:21:01
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