Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Danish Krone/Euro (FOREX:DKKEUR)
Long-Term Downtrend (-90) - DKKEUR is in a strong downtrend that is likely to continue. While DKKEUR 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 DKKEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKEUR
The long-term trend has been DOWN since Oct 11th, 2021 at 0.1343310
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.1344030
The short-term trend has been DOWN since Oct 11th, 2021 at 0.1343545
Smart Scan Analysis for DKKEUR
Based on our trend formula, DKKEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).