Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Danish Krone/Norwegian Krone (FOREX:DKKNOK)
Sidelines Mode (+55) - DKKNOK 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 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 Oct 23rd, 2023 at 1.5815229
The intermediate-term trend has been DOWN since Nov 15th, 2023 at 1.5668028
The short-term trend has been UP since Nov 30th, 2023 at 1.5763205
Smart Scan Analysis for DKKNOK
Based on our trend formula, DKKNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).