Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Danish Krone/Norwegian Krone (FOREX:DKKNOK)
Crossroads (-60) - DKKNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 3rd, 2020 at 1.3727959
The intermediate-term trend has been DOWN since Apr 7th, 2020 at 1.4957668
The short-term trend has been DOWN since Mar 25th, 2020 at 1.5809750
Smart Scan Analysis for DKKNOK
Based on our trend formula, DKKNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).