Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Danish Krone/New Zealand Dollar (FOREX:DKKNZD)
Sidelines Mode (-55) - DKKNZD 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 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 Jun 2nd, 2020 at 0.23588335
The intermediate-term trend has been DOWN since Dec 30th, 2020 at 0.22933800
The short-term trend has been UP since Feb 26th, 2021 at 0.22397050
Smart Scan Analysis for DKKNZD
Based on our trend formula, DKKNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).