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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

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
6.87920 6.88447 6.87082 6.88306 +0.00386
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term up The long-term trend has been UP since Apr 11th, 2024 at 6.970600

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 6.897600

short term down The short-term trend has been DOWN since May 27th, 2024 at 6.870955

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
6.87920 6.88447 6.87082 6.88306 +0.00386
Prev. Close Volume Bid Ask Time
6.87920 2024-05-29 04:11:22
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