Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Danish Krone/Euro (FOREX:DKKEUR)
Sidelines Mode (-50) - DKKEUR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKEUR can gain momentum.
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 UP since Dec 12th, 2019 at 0.13414000
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 0.13373901
The short-term trend has been DOWN since Apr 8th, 2020 at 0.13385700
Smart Scan Analysis for DKKEUR
Based on our trend formula, DKKEUR is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).