Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
Danish Krone/Kenyan Shilling (FOREX:DKKKES)
Sidelines Mode (+55) - DKKKES is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DKKKES?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKKES.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKKES
The long-term trend has been UP since Nov 11th, 2022 at 16.513364
The intermediate-term trend has been UP since Oct 29th, 2023 at 20.913859
The short-term trend has been DOWN since Dec 1st, 2023 at 22.301905
Smart Scan Analysis for DKKKES
Based on our trend formula, DKKKES is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).