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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Euro/Danish Krone (FOREX:EURDKK)

Weak Uptrend (+65) - EURDKK is showing signs of weakening momentum to the upside. Monitor EURDKK as it may be in the beginning stages of a reversal.

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
7.461290 7.462210 7.460795 7.461645 +0.000355
Entry Signal

MarketClub’s Trade Triangles for EURDKK

long term up The long-term trend has been UP since Jun 28th, 2023 at 7.45961

intermediate term down The intermediate-term trend has been DOWN since Apr 29th, 2024 at 7.45518

short term up The short-term trend has been UP since May 21st, 2024 at 7.46364

Smart Scan Analysis for EURDKK

Based on our trend formula, EURDKK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for EURDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.461290 7.462210 7.460795 7.461645 +0.000355
Prev. Close Volume Bid Ask Time
7.461290 2024-05-22 08:27:05
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