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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

British Pound/Danish Krone (FOREX:GBPDKK)

Strong Uptrend (+100) - GBPDKK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPDKK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
8.76985 8.79400 8.76000 8.77205 +0.00220
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term up The long-term trend has been UP since Jan 23rd, 2024 at 8.72185

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 8.74820

short term up The short-term trend has been UP since May 15th, 2024 at 8.68745

Smart Scan Analysis for GBPDKK

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

+100
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.76985 8.79400 8.76000 8.77205 +0.00220
Prev. Close Volume Bid Ask Time
8.76985 2024-05-29 10:57:42
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