Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
Danish Krone/Indian Rupee (FOREX:DKKINR)
Long-Term Uptrend (+90) - DKKINR is in a strong uptrend that is likely to continue. While DKKINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid DKKINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKINR
The long-term trend has been UP since Mar 2nd, 2020 at 10.839999
The intermediate-term trend has been UP since Oct 20th, 2020 at 11.680653
The short-term trend has been UP since Dec 2nd, 2020 at 11.964066
Smart Scan Analysis for DKKINR
Based on our trend formula, DKKINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).