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.
MarketClub’s Trade Triangles for DKKAUD
The long-term trend has been DOWN since Oct 14th, 2021 at 0.21000316
The intermediate-term trend has been DOWN since Oct 3rd, 2021 at 0.21436450
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).