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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

US Dollar/Danish Krone (FOREX:USDDKK)

Crossroads (+60) - USDDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
6.93459 6.97521 6.92650 6.95720 +0.02261
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term down The long-term trend has been DOWN since Nov 13th, 2022 at 7.17740

intermediate term up The intermediate-term trend has been UP since Feb 6th, 2023 at 6.90840

short term up The short-term trend has been UP since Feb 3rd, 2023 at 6.88604

Smart Scan Analysis for USDDKK

Based on our trend formula, USDDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.93459 6.97521 6.92650 6.95720 +0.02261
Prev. Close Volume Bid Ask Time
6.93459 2023-02-07 12:45:03
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