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.
MarketClub’s Trade Triangles for DKKISK
The long-term trend has been DOWN since Jan 23rd, 2022 at 19.719476
The intermediate-term trend has been UP since Jun 6th, 2022 at 18.559209
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).