Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
Danish Krone/Brazilian Real (FOREX:DKKBRL)
Long-Term Uptrend (+90) - DKKBRL is in a strong uptrend that is likely to continue. While DKKBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Jan 22nd, 2021 at 0.8812447
The intermediate-term trend has been UP since Jan 22nd, 2021 at 0.8812447
The short-term trend has been UP since Feb 18th, 2021 at 0.8787709
Smart Scan Analysis for DKKBRL
Based on our trend formula, DKKBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).