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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

New Zealand Dollar/Danish Krone (FOREX:NZDDKK)

Sidelines Mode (+55) - NZDDKK 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 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
4.2098 4.2156 4.1999 4.2118 +0.0020
Entry Signal

MarketClub’s Trade Triangles for NZDDKK

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 4.1578

intermediate term up The intermediate-term trend has been UP since May 3rd, 2024 at 4.1810

short term down The short-term trend has been DOWN since May 21st, 2024 at 4.1859

Smart Scan Analysis for NZDDKK

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

+55
Smart Scan Analysis for NZDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2098 4.2156 4.1999 4.2118 +0.0020
Prev. Close Volume Bid Ask Time
4.2098 2024-05-22 08:28:50
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