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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

Danish Krone/US Dollar (FOREX:DKKUSD)

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

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

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

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

FOREX_DKKUSD
Open High Low DKKUSD Price Change
0.14256184 0.14307650 0.14243050 0.14281430 +0.00025200
Entry Signal

MarketClub’s Trade Triangles for DKKUSD

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 0.14346297

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.14529604

short term up The short-term trend has been UP since Apr 17th, 2024 at 0.14295456

Smart Scan Analysis for DKKUSD

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

-75
Smart Scan Analysis for DKKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14256184 0.14307650 0.14243050 0.14281430 +0.00025200
Prev. Close Volume Bid Ask Time
0.14256184 2024-04-19 17:02:48
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