Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
Danish Krone/Swiss Franc (FOREX:DKKCHF)
Sidelines Mode (+55) - DKKCHF 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 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 UP since Jun 2nd, 2020 at 14.3888
The intermediate-term trend has been UP since Jul 13th, 2020 at 14.3715
The short-term trend has been DOWN since Aug 4th, 2020 at 14.4371
Smart Scan Analysis for DKKCHF
Based on our trend formula, DKKCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).