Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Danish Krone/British Pound (FOREX:DKKGBP)
Sidelines Mode (+55) - DKKGBP 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 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 UP since Mar 1st, 2020 at 0.11563903
The intermediate-term trend has been UP since Feb 27th, 2020 at 0.11425178
The short-term trend has been DOWN since Apr 8th, 2020 at 0.11736401
Smart Scan Analysis for DKKGBP
Based on our trend formula, DKKGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).