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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

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
7.440405 7.441660 7.439595 7.440160 -0.000245
Entry Signal

MarketClub’s Trade Triangles for EURDKK

long term down The long-term trend has been DOWN since Jun 27th, 2021 at 7.428590

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2021 at 7.438115

short term up The short-term trend has been UP since Oct 1st, 2021 at 7.437250

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
7.440405 7.441660 7.439595 7.440160 -0.000245
Prev. Close Volume Bid Ask Time
7.440405 2021-10-17 19:12:30
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