Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/Danish Krone (FOREX:GBPDKK)

Sidelines Mode (-50) - GBPDKK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPDKK can gain 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
8.7381 8.7391 8.7328 8.7359 -0.0022
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 down The intermediate-term trend has been DOWN since Mar 21st, 2024 at 8.69090

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 8.70945

Smart Scan Analysis for GBPDKK

Based on our trend formula, GBPDKK is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.7381 8.7391 8.7328 8.7359 -0.0022
Prev. Close Volume Bid Ask Time
8.7381 2024-03-29 01:17:36
Get a free daily analysis and signals for British Pound/Danish Krone (GBPDKK) - Request Your Free Report.