Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Danish Krone/Russian Ruble (FOREX:DKKRUB)
Long-Term Downtrend (-90) - DKKRUB is in a strong downtrend that is likely to continue. While DKKRUB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DKKRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKRUB
The long-term trend has been DOWN since Jun 17th, 2021 at 11.634349
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 11.567585
The short-term trend has been DOWN since Oct 14th, 2021 at 11.119848
Smart Scan Analysis for DKKRUB
Based on our trend formula, DKKRUB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).