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Forex Trend Analysis Report

Prepared for you on Tuesday, January 31, 2023.

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
8.4643 8.4800 8.4628 8.4649 +0.0006
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term down The long-term trend has been DOWN since Jan 2nd, 2023 at 8.3769

intermediate term up The intermediate-term trend has been UP since Jan 18th, 2023 at 8.4842

short term up The short-term trend has been UP since Jan 27th, 2023 at 8.4844

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
8.4643 8.4800 8.4628 8.4649 +0.0006
Prev. Close Volume Bid Ask Time
8.4643 2023-01-31 05:07:21
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