Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Danish Krone/New Zealand Dollar (FOREX:DKKNZD)
Countertrend Up (+85) - DKKNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Feb 27th, 2020 at 0.2333700
The intermediate-term trend has been UP since Jan 28th, 2020 at 0.2257135
The short-term trend has been UP since Apr 1st, 2020 at 0.2491235
Smart Scan Analysis for DKKNZD
Based on our trend formula, DKKNZD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).