Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Danish Krone/Norwegian Krone (FOREX:DKKNOK)
Countertrend Down (-85) - DKKNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Aug 12th, 2022 at 1.3137350
The intermediate-term trend has been DOWN since Jul 10th, 2022 at 1.3727733
The short-term trend has been UP since Aug 16th, 2022 at 1.3327503
Smart Scan Analysis for DKKNOK
Based on our trend formula, DKKNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).