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Forex Trend Analysis Report

Prepared for you on Wednesday, July 8, 2020.

New Zealand Dollar/Danish Krone (FOREX:NZDDKK)

Long-Term Uptrend (+90) - NZDDKK is in a strong uptrend that is likely to continue. While NZDDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

FOREX_NZDDKK
Open High Low NZDDKK Price Change
4.3216656 4.3268000 4.3176000 4.3223500 +0.0006840
Entry Signal

MarketClub’s Trade Triangles for NZDDKK

long term up The long-term trend has been UP since Jun 2nd, 2020 at 4.2393844

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 4.1134500

short term up The short-term trend has been UP since Jun 30th, 2020 at 4.2857000

Smart Scan Analysis for NZDDKK

Based on our trend formula, NZDDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NZDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3216656 4.3268000 4.3176000 4.3223500 +0.0006840
Prev. Close Volume Bid Ask Time
4.3216656 4.3216000 4.3231000 2020-07-08 04:33:28
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