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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Danish Krone/Rwandan Franc (FOREX:DKKRWF)
Long-Term Downtrend (-90) - DKKRWF is in a strong downtrend that is likely to continue. While DKKRWF 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 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.
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MarketClub’s Trade Triangles for DKKRWF
The long-term trend has been DOWN since Dec 13th, 2024 at 193.80679
The intermediate-term trend has been DOWN since Dec 13th, 2024 at 194.14768
The short-term trend has been DOWN since Jan 8th, 2025 at 193.18678
Smart Scan Analysis for DKKRWF
Based on our trend formula, DKKRWF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 192.35125 | 192.35125 | 192.35125 | 192.35125 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 194.51907 | 2025-01-19 11:30:04 |