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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

Euro/Danish Krone (FOREX:EURDKK)

Sidelines Mode (+55) - EURDKK 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 EURDKK?

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

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

FOREX_EURDKK
Open High Low EURDKK Price Change
7.44270 7.44369 7.44253 7.44341 +0.00071
Entry Signal

MarketClub’s Trade Triangles for EURDKK

long term down The long-term trend has been DOWN since Dec 21st, 2021 at 7.430300

intermediate term up The intermediate-term trend has been UP since Jan 11th, 2022 at 7.442170

short term down The short-term trend has been DOWN since Jan 25th, 2022 at 7.442275

Smart Scan Analysis for EURDKK

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

+55
Smart Scan Analysis for EURDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.44270 7.44369 7.44253 7.44341 +0.00071
Prev. Close Volume Bid Ask Time
7.44270 2022-01-28 12:29:59
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