Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
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 UP since Mar 9th, 2020 at 520.05878
The intermediate-term trend has been DOWN since May 11th, 2020 at 570.19714
The short-term trend has been DOWN since May 20th, 2020 at 566.33140
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).