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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

Danish Krone/Special drawing rights (FOREX:DKKXDR)

Weak Downtrend (-65) - DKKXDR is showing signs of a strengthening downtrend. Monitor DKKXDR as it may be building momentum to the downside.

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

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

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

FOREX_DKKXDR
Open High Low DKKXDR Price Change
0.10932537 0.10932537 0.10932200 0.10932200 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for DKKXDR

long term up The long-term trend has been UP since May 16th, 2024 at 0.11017864

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 0.10958684

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.11010239

Smart Scan Analysis for DKKXDR

Based on our trend formula, DKKXDR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for DKKXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10932537 0.10932537 0.10932200 0.10932200 -0.00000300
Prev. Close Volume Bid Ask Time
0.10932537 2024-06-12 07:39:56
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