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Forex Trend Analysis Report

Prepared for you on Friday, February 28, 2020.

British Pound/Danish Krone (FOREX:GBPDKK)

Crossroads (-60) - GBPDKK 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 GBPDKK?

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

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

FOREX_GBPDKK
Open High Low GBPDKK Price Change
8.75650 8.75910 8.71525 8.74790 -0.00860
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term up The long-term trend has been UP since Sep 18th, 2019 at 8.4598

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2020 at 8.7526

short term down The short-term trend has been DOWN since Feb 26th, 2020 at 8.8871

Smart Scan Analysis for GBPDKK

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

-60
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.75650 8.75910 8.71525 8.74790 -0.00860
Prev. Close Volume Bid Ask Time
8.75650 8.74720 8.74860 2020-02-28 07:23:21
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