Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)
Strong Downtrend (-100) - DKKTWD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKTWD continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 7th, 2023 at 4.5285202
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 4.5708853
The short-term trend has been DOWN since Nov 28th, 2023 at 4.6176954
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).