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Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

Danish Krone/South African Rand (FOREX:DKKZAR)

Sidelines Mode (+50) - DKKZAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKZAR can gain momentum.

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

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

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

FOREX_DKKZAR
Open High Low DKKZAR Price Change
2.184805 2.197305 2.172125 2.178650 -0.006155
Entry Signal

MarketClub’s Trade Triangles for DKKZAR

long term down The long-term trend has been DOWN since Dec 18th, 2019 at 2.134200

intermediate term up The intermediate-term trend has been UP since Jan 14th, 2020 at 2.158000

short term up The short-term trend has been UP since Feb 17th, 2020 at 2.170955

Smart Scan Analysis for DKKZAR

Based on our trend formula, DKKZAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for DKKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.184805 2.197305 2.172125 2.178650 -0.006155
Prev. Close Volume Bid Ask Time
2.184805 2.176740 2.180560 2020-02-21 16:59:32
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