Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Danish Krone/Swiss Franc (FOREX:DKKCHF)
Bear Market Rally (-75) - DKKCHF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKCHF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DKKCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKCHF
The long-term trend has been DOWN since Jun 8th, 2021 at 14.69350
The intermediate-term trend has been DOWN since Sep 30th, 2021 at 14.54225
The short-term trend has been UP since Oct 20th, 2021 at 14.46075
Smart Scan Analysis for DKKCHF
Based on our trend formula, DKKCHF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).