Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

Danish Krone/Icelandic Krona (FOREX:DKKISK)

Sidelines Mode (+50) - DKKISK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKISK can gain momentum.

Is it time to buy, sell, or avoid DKKISK?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKISK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKISK
Open High Low DKKISK Price Change
18.749773 18.749773 18.749773 18.749773 0.000000
Entry Signal

MarketClub’s Trade Triangles for DKKISK

long term down The long-term trend has been DOWN since Jan 23rd, 2022 at 19.719476

intermediate term up The intermediate-term trend has been UP since Jun 6th, 2022 at 18.559209

short term up The short-term trend has been UP since Aug 8th, 2022 at 18.721684

Smart Scan Analysis for DKKISK

Based on our trend formula, DKKISK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for DKKISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.749773 18.749773 18.749773 18.749773 0.000000
Prev. Close Volume Bid Ask Time
18.749773 2022-08-08 07:22:27
Get a free daily analysis and signals for Danish Krone/Icelandic Krona (DKKISK) - Request Your Free Report.