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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
US Dollar/Danish Krone (FOREX:USDDKK)
Long-Term Uptrend (+90) - USDDKK is in a strong uptrend that is likely to continue. While USDDKK 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 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.
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MarketClub’s Trade Triangles for USDDKK
The long-term trend has been UP since Nov 5th, 2024 at 6.93076
The intermediate-term trend has been UP since Oct 4th, 2024 at 6.78281
The short-term trend has been UP since Dec 10th, 2024 at 7.08050
Smart Scan Analysis for USDDKK
Based on our trend formula, USDDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.174760 | 7.179890 | 7.170965 | 7.172500 | -0.002260 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.174760 | 2024-12-26 06:09:50 |