Forex Trend Analysis Report
Prepared for you on Saturday, July 31, 2021.
Danish Krone/Rwandan Franc (FOREX:DKKRWF)
Bear Market Rally (-75) - DKKRWF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKRWF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DKKRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKRWF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKRWF
The long-term trend has been DOWN since Jul 7th, 2021 at 160.00947
The intermediate-term trend has been DOWN since Jul 7th, 2021 at 160.00947
The short-term trend has been UP since Jul 28th, 2021 at 159.41137
Smart Scan Analysis for DKKRWF
Based on our trend formula, DKKRWF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).