Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Danish Krone/Euro (FOREX:DKKEUR)
Sidelines Mode (-55) - DKKEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 9th, 2020 at 0.13412413
The intermediate-term trend has been UP since Nov 30th, 2020 at 0.13440750
The short-term trend has been DOWN since Dec 3rd, 2020 at 0.13428050
Smart Scan Analysis for DKKEUR
Based on our trend formula, DKKEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).