Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Danish Krone/Turkish Lira (FOREX:DKKTRY)
Countertrend Up (+85) - DKKTRY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DKKTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKTRY
The long-term trend has been UP since Aug 25th, 2019 at 0.9417850
The intermediate-term trend has been UP since Jun 9th, 2020 at 1.0323025
The short-term trend has been DOWN since Aug 3rd, 2020 at 1.0985872
Smart Scan Analysis for DKKTRY
Based on our trend formula, DKKTRY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).