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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Danish Krone/South African Rand (FOREX:DKKZAR)

Sidelines Mode (-55) - DKKZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2.318200 2.330195 2.303995 2.305995 -0.012205
Entry Signal

MarketClub’s Trade Triangles for DKKZAR

long term up The long-term trend has been UP since Jul 25th, 2021 at 2.353405

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 2.299050

short term up The short-term trend has been UP since Oct 22nd, 2021 at 2.296645

Smart Scan Analysis for DKKZAR

Based on our trend formula, DKKZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for DKKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.318200 2.330195 2.303995 2.305995 -0.012205
Prev. Close Volume Bid Ask Time
2.318200 2021-10-25 07:16:02
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