Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Danish Krone/Brazilian Real (FOREX:DKKBRL)
Bear Market Rally (-75) - DKKBRL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKBRL as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DKKBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKBRL
The long-term trend has been DOWN since Mar 8th, 2023 at 0.7249115
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.7505922
The short-term trend has been DOWN since Mar 27th, 2023 at 0.7565866
Smart Scan Analysis for DKKBRL
Based on our trend formula, DKKBRL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).