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.
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MarketClub’s Trade Triangles for GBPDKK
The long-term trend has been UP since Jan 23rd, 2024 at 8.72185
The intermediate-term trend has been DOWN since Mar 21st, 2024 at 8.69090
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).
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 |