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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
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.
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MarketClub’s Trade Triangles for GBPDKK
The long-term trend has been DOWN since Jan 14th, 2025 at 8.82965
The intermediate-term trend has been UP since Feb 2nd, 2025 at 8.93220
The short-term trend has been UP since Jan 26th, 2025 at 8.88015
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.96425 | 8.96540 | 8.96145 | 8.96250 | -0.00175 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.96425 | 2025-02-05 00:54:54 |