Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
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 Oct 3rd, 2021 at 595.80522
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 603.65910
The short-term trend has been DOWN since Sep 16th, 2021 at 607.30065
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).