Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
Danish Krone/Colombian Peso (FOREX:DKKCOP)
Long-Term Downtrend (-90) - DKKCOP is in a strong downtrend that is likely to continue. While DKKCOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 12th, 2023 at 662.18809
The intermediate-term trend has been DOWN since Sep 10th, 2023 at 589.03953
The short-term trend has been DOWN since Sep 4th, 2023 at 593.64749
Smart Scan Analysis for DKKCOP
Based on our trend formula, DKKCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).