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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Special drawing rights/Danish Krone (FOREX:XDRDKK)

Strong Downtrend (-100) - XDRDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_XDRDKK
Open High Low XDRDKK Price Change
9.263463 9.263463 9.263463 9.263463 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRDKK

long term down The long-term trend has been DOWN since May 19th, 2020 at 9.249529

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 9.344646

short term down The short-term trend has been DOWN since May 26th, 2020 at 9.268643

Smart Scan Analysis for XDRDKK

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

-100
Smart Scan Analysis for XDRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.263463 9.263463 9.263463 9.263463 0.000000
Prev. Close Volume Bid Ask Time
9.263463 9.263463 9.263463 2020-05-26 07:14:38
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