Free Daily Analysis

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.

FOREX_DKKNOK
Open High Low DKKNOK Price Change
1.3289930 1.3329800 1.3201107 1.3223371 -0.0066560
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term down The long-term trend has been DOWN since Aug 12th, 2022 at 1.3137350

intermediate term down The intermediate-term trend has been DOWN since Jul 10th, 2022 at 1.3727733

short term up 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).

-85
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3289930 1.3329800 1.3201107 1.3223371 -0.0066560
Prev. Close Volume Bid Ask Time
1.3289930 2022-08-18 07:49:00
Get a free daily analysis and signals for Danish Krone/Norwegian Krone (DKKNOK) - Request Your Free Report.