Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Danish Krone/Icelandic Krona (FOREX:DKKISK)
Countertrend Up (+85) - DKKISK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Feb 19th, 2020 at 18.483287
The intermediate-term trend has been UP since Feb 4th, 2020 at 18.440111
The short-term trend has been UP since Feb 19th, 2020 at 18.432378
Smart Scan Analysis for DKKISK
Based on our trend formula, DKKISK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).