Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
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 Jun 2nd, 2020 at 16.2225
The intermediate-term trend has been UP since Jul 13th, 2020 at 16.3750
The short-term trend has been UP since Jul 13th, 2020 at 16.3750
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).