Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
Danish Krone/Brazilian Real (FOREX:DKKBRL)
Countertrend Up (+85) - DKKBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 8th, 2021 at 0.8591218
The intermediate-term trend has been UP since Sep 27th, 2021 at 0.8482950
The short-term trend has been DOWN since Oct 14th, 2021 at 0.8544293
Smart Scan Analysis for DKKBRL
Based on our trend formula, DKKBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).