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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.

FOREX_DKKINR
Open High Low DKKINR Price Change
12.017582 12.062427 12.008300 12.021925 +0.004343
Entry Signal

MarketClub’s Trade Triangles for DKKINR

long term up The long-term trend has been UP since Mar 2nd, 2020 at 10.839999

intermediate term up The intermediate-term trend has been UP since Oct 20th, 2020 at 11.680653

short term up 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).

+90
Smart Scan Analysis for DKKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.017582 12.062427 12.008300 12.021925 +0.004343
Prev. Close Volume Bid Ask Time
12.017582 2020-12-04 17:09:27
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