Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
Danish Krone/Brazilian Real (FOREX:DKKBRL)
Sidelines Mode (+55) - DKKBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Dec 16th, 2021 at 0.8689318
The short-term trend has been DOWN since Jan 10th, 2022 at 0.8583730
Smart Scan Analysis for DKKBRL
Based on our trend formula, DKKBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).