Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Danish Krone/British Pound (FOREX:DKKGBP)
Long-Term Downtrend (-90) - DKKGBP is in a strong downtrend that is likely to continue. While DKKGBP 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 DKKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKGBP
The long-term trend has been DOWN since Nov 11th, 2020 at 0.11913557
The intermediate-term trend has been DOWN since Oct 6th, 2021 at 0.11431969
The short-term trend has been DOWN since Oct 11th, 2021 at 0.11394500
Smart Scan Analysis for DKKGBP
Based on our trend formula, DKKGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).