Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Danish Krone/Hong Kong Dollar (FOREX:DKKHKD)
Long-Term Downtrend (-90) - DKKHKD is in a strong downtrend that is likely to continue. While DKKHKD 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 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 Aug 9th, 2021 at 1.2277059
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 1.2051612
The short-term trend has been DOWN since Dec 7th, 2021 at 1.1808126
Smart Scan Analysis for DKKHKD
Based on our trend formula, DKKHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).