Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Danish Krone/Czech Koruna (FOREX:DKKCZK)
Crossroads (+60) - DKKCZK 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 DKKCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKCZK
The long-term trend has been DOWN since Jan 6th, 2021 at 3.5075
The intermediate-term trend has been UP since Sep 28th, 2021 at 3.4279
The short-term trend has been UP since Oct 18th, 2021 at 3.4186
Smart Scan Analysis for DKKCZK
Based on our trend formula, DKKCZK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).