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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Danish Krone/Australian Dollar (FOREX:DKKAUD)

Long-Term Downtrend (-90) - DKKAUD is in a strong downtrend that is likely to continue. While DKKAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_DKKAUD
Open High Low DKKAUD Price Change
0.20752706 0.20826539 0.20745115 0.20810591 +0.00057900
Entry Signal

MarketClub’s Trade Triangles for DKKAUD

long term down The long-term trend has been DOWN since Oct 14th, 2021 at 0.21000316

intermediate term down The intermediate-term trend has been DOWN since Oct 3rd, 2021 at 0.21436450

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 0.20968680

Smart Scan Analysis for DKKAUD

Based on our trend formula, DKKAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DKKAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20752706 0.20826539 0.20745115 0.20810591 +0.00057900
Prev. Close Volume Bid Ask Time
0.20752706 2021-10-26 07:04:54
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