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Forex Trend Analysis Report

Prepared for you on Friday, April 23, 2021.

US Dollar/Danish Krone (FOREX:USDDKK)

Weak Downtrend (-65) - USDDKK is showing signs of a strengthening downtrend. Monitor USDDKK as it may be building momentum to the downside.

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

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

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

FOREX_USDDKK
Open High Low USDDKK Price Change
6.18640 6.18670 6.18252 6.18307 -0.00333
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term up The long-term trend has been UP since Mar 5th, 2021 at 6.2258

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2021 at 6.2243

short term down The short-term trend has been DOWN since Apr 5th, 2021 at 6.3104

Smart Scan Analysis for USDDKK

Based on our trend formula, USDDKK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.18640 6.18670 6.18252 6.18307 -0.00333
Prev. Close Volume Bid Ask Time
6.18640 2021-04-23 01:09:13
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