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Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
British Pound/Danish Krone (FOREX:GBPDKK)
Countertrend Up (+85) - GBPDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Aug 27th, 2024 at 8.82900
The short-term trend has been DOWN since Oct 3rd, 2024 at 8.91855
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.8801 | 8.9260 | 8.8785 | 8.9036 | +0.0235 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.8801 | 2024-10-04 22:55:31 |