Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Danish Krone/New Zealand Dollar (FOREX:DKKNZD)
Strong Downtrend (-100) - DKKNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DKKNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKNZD
The long-term trend has been DOWN since Sep 3rd, 2021 at 0.2237775
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 0.2226140
The short-term trend has been DOWN since Oct 4th, 2021 at 0.2243850
Smart Scan Analysis for DKKNZD
Based on our trend formula, DKKNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).