Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Danish Krone/Japanese Yen (FOREX:DKKJPY)
Crossroads (-60) - DKKJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DKKJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKJPY
The long-term trend has been UP since Mar 5th, 2023 at 19.72690
The intermediate-term trend has been DOWN since Sep 10th, 2023 at 21.04670
The short-term trend has been DOWN since Sep 21st, 2023 at 21.09855
Smart Scan Analysis for DKKJPY
Based on our trend formula, DKKJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).