Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Danish Krone/Hong Kong Dollar (FOREX:DKKHKD)
Bull Market Weakness (+75) - DKKHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKHKD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DKKHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKHKD
The long-term trend has been DOWN since Mar 19th, 2020 at 1.1217450
The intermediate-term trend has been UP since May 1st, 2020 at 1.1417645
The short-term trend has been UP since May 26th, 2020 at 1.1369287
Smart Scan Analysis for DKKHKD
Based on our trend formula, DKKHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).