Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Danish Krone/Japanese Yen (FOREX:DKKJPY)
Countertrend Up (+85) - DKKJPY 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 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 Jun 2nd, 2020 at 16.22250
The intermediate-term trend has been UP since Feb 14th, 2021 at 17.12065
The short-term trend has been DOWN since Mar 1st, 2021 at 17.28455
Smart Scan Analysis for DKKJPY
Based on our trend formula, DKKJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).