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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

Euro/Danish Krone (FOREX:EURDKK)

Crossroads (+60) - EURDKK 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 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
7.44815 7.44970 7.44815 7.44830 +0.00015
Entry Signal

MarketClub’s Trade Triangles for EURDKK

long term down The long-term trend has been DOWN since Apr 20th, 2020 at 7.456865

intermediate term up The intermediate-term trend has been UP since Aug 3rd, 2020 at 7.450350

short term up The short-term trend has been UP since Jul 31st, 2020 at 7.447550

Smart Scan Analysis for EURDKK

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

+60
Smart Scan Analysis for EURDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.44815 7.44970 7.44815 7.44830 +0.00015
Prev. Close Volume Bid Ask Time
7.44815 7.44810 7.44850 2020-08-08 19:49:23
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