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Forex Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

Japanese Yen/Danish Krone (FOREX:JPYDKK)

Sidelines Mode (-55) - JPYDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid JPYDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYDKK
Open High Low JPYDKK Price Change
0.043115 0.043514 0.043022 0.043339 +0.000224
Entry Signal

MarketClub’s Trade Triangles for JPYDKK

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.045530

intermediate term down The intermediate-term trend has been DOWN since Jun 21st, 2024 at 0.043645

short term up The short-term trend has been UP since Jul 12th, 2024 at 0.043498

Smart Scan Analysis for JPYDKK

Based on our trend formula, JPYDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for JPYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.043115 0.043514 0.043022 0.043339 +0.000224
Prev. Close Volume Bid Ask Time
0.043115 2024-07-12 17:00:50
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