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Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

Danish Krone/US Dollar (FOREX:DKKUSD)

Crossroads (+60) - DKKUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.16225650 0.16243550 0.16172385 0.16194450 -0.00031200
Entry Signal

MarketClub’s Trade Triangles for DKKUSD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.16062193

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2021 at 0.16066064

short term up The short-term trend has been UP since Apr 19th, 2021 at 0.16127732

Smart Scan Analysis for DKKUSD

Based on our trend formula, DKKUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for DKKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16225650 0.16243550 0.16172385 0.16194450 -0.00031200
Prev. Close Volume Bid Ask Time
0.16225650 2021-04-20 09:39:31
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