Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Danish Krone/Swedish Krona (FOREX:DKKSEK)
Bull Market Weakness (+75) - DKKSEK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKSEK as it may be in the beginning stages of a reversal.
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 9th, 2020 at 1.374000
The intermediate-term trend has been UP since Dec 2nd, 2020 at 1.381905
The short-term trend has been UP since Dec 1st, 2020 at 1.376425
Smart Scan Analysis for DKKSEK
Based on our trend formula, DKKSEK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).