Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Danish Krone/Norwegian Krone (FOREX:DKKNOK)
Strong Downtrend (-100) - DKKNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DKKNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKNOK
The long-term trend has been DOWN since Jan 3rd, 2021 at 1.4022000
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 1.3712426
The short-term trend has been DOWN since Feb 24th, 2021 at 1.3737000
Smart Scan Analysis for DKKNOK
Based on our trend formula, DKKNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).