Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Danish Krone/Japanese Yen (FOREX:DKKJPY)
Long-Term Uptrend (+90) - DKKJPY is in a strong uptrend that is likely to continue. While DKKJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Oct 15th, 2021 at 17.80985
The intermediate-term trend has been UP since Oct 11th, 2021 at 17.54665
The short-term trend has been UP since Oct 8th, 2021 at 17.39565
Smart Scan Analysis for DKKJPY
Based on our trend formula, DKKJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).