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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.

FOREX_DKKRUB
Open High Low DKKRUB Price Change
11.093031 11.125049 11.086048 11.106072 +0.013041
Entry Signal

MarketClub’s Trade Triangles for DKKRUB

long term down The long-term trend has been DOWN since Jun 17th, 2021 at 11.634349

intermediate term down The intermediate-term trend has been DOWN since Sep 13th, 2021 at 11.567585

short term down 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).

-90
Smart Scan Analysis for DKKRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.093031 11.125049 11.086048 11.106072 +0.013041
Prev. Close Volume Bid Ask Time
11.093031 2021-10-20 10:36:45
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