Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Danish Krone/Colombian Peso (FOREX:DKKCOP)
Crossroads (-60) - DKKCOP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DKKCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKCOP
The long-term trend has been DOWN since Nov 12th, 2020 at 590.08233
The intermediate-term trend has been UP since Jan 22nd, 2021 at 568.47702
The short-term trend has been UP since Feb 22nd, 2021 at 574.12420
Smart Scan Analysis for DKKCOP
Based on our trend formula, DKKCOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).