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.
MarketClub’s Trade Triangles for DKKNOK
The long-term trend has been DOWN since Jul 28th, 2020 at 1.3989034
The intermediate-term trend has been UP since Jul 30th, 2020 at 1.4452375
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).