Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Danish Krone/Canadian Dollar (FOREX:DKKCAD)
Bull Market Weakness (+75) - DKKCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKCAD as it may be in the beginning stages 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 Nov 2nd, 2020 at 0.20679250
The intermediate-term trend has been UP since Dec 1st, 2020 at 0.20926225
The short-term trend has been UP since Nov 27th, 2020 at 0.20857093
Smart Scan Analysis for DKKCAD
Based on our trend formula, DKKCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).