Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Danish Krone/Australian Dollar (FOREX:DKKAUD)
Crossroads (-60) - DKKAUD 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 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.
MarketClub’s Trade Triangles for DKKAUD
The long-term trend has been UP since Jan 30th, 2020 at 0.21994400
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 0.23710400
The short-term trend has been DOWN since May 18th, 2020 at 0.22388971
Smart Scan Analysis for DKKAUD
Based on our trend formula, DKKAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).