Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)
Strong Uptrend (+100) - DKKTWD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, DKKTWD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid DKKTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKTWD
The long-term trend has been UP since Jul 15th, 2020 at 4.5279054
The intermediate-term trend has been UP since Nov 17th, 2020 at 4.5479298
The short-term trend has been UP since Nov 22nd, 2020 at 4.5508832
Smart Scan Analysis for DKKTWD
Based on our trend formula, DKKTWD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).