Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
Danish Krone/Canadian Dollar (FOREX:DKKCAD)
Bear Market Rally (-75) - DKKCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKCAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DKKCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKCAD
The long-term trend has been DOWN since Oct 4th, 2021 at 0.19652374
The intermediate-term trend has been DOWN since Jul 4th, 2022 at 0.18013241
The short-term trend has been DOWN since Aug 3rd, 2022 at 0.17551427
Smart Scan Analysis for DKKCAD
Based on our trend formula, DKKCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).