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Forex Trend Analysis Report

Prepared for you on Tuesday, August 11, 2020.

Danish Krone/Norwegian Krone (FOREX:DKKNOK)

Weak Downtrend (-65) - DKKNOK is showing signs of a strengthening downtrend. Monitor DKKNOK as it may be building momentum to the downside.

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
1.4200921 1.4249886 1.4155322 1.4218246 +0.0017320
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term down The long-term trend has been DOWN since Jul 28th, 2020 at 1.3989034

intermediate term up The intermediate-term trend has been UP since Jul 30th, 2020 at 1.4452375

short term down The short-term trend has been DOWN since Aug 2nd, 2020 at 1.4288537

Smart Scan Analysis for DKKNOK

Based on our trend formula, DKKNOK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4200921 1.4249886 1.4155322 1.4218246 +0.0017320
Prev. Close Volume Bid Ask Time
1.4200921 1.4215261 1.4221230 2020-08-11 21:21:11
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