Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Danish Krone/Swedish Krona (FOREX:DKKSEK)
Strong Downtrend (-100) - DKKSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKSEK continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DKKSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKSEK
The long-term trend has been DOWN since Nov 15th, 2023 at 1.539095
The intermediate-term trend has been DOWN since Nov 13th, 2023 at 1.556820
The short-term trend has been DOWN since Dec 1st, 2023 at 1.518745
Smart Scan Analysis for DKKSEK
Based on our trend formula, DKKSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).