Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Danish Krone/Swedish Krona (FOREX:DKKSEK)
Long-Term Downtrend (-90) - DKKSEK is in a strong downtrend that is likely to continue. While DKKSEK 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 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 Oct 8th, 2021 at 1.36020
The intermediate-term trend has been DOWN since Oct 8th, 2021 at 1.36040
The short-term trend has been DOWN since Oct 8th, 2021 at 1.36104
Smart Scan Analysis for DKKSEK
Based on our trend formula, DKKSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).