Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Australian Dollar/Danish Krone (FOREX:AUDDKK)
Long-Term Uptrend (+90) - AUDDKK is in a strong uptrend that is likely to continue. While AUDDKK 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 AUDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDDKK
The long-term trend has been UP since Aug 12th, 2022 at 5.1305
The intermediate-term trend has been UP since Jul 7th, 2022 at 5.0048
The short-term trend has been UP since Aug 8th, 2022 at 5.1102
Smart Scan Analysis for AUDDKK
Based on our trend formula, AUDDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).