Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)
Countertrend Down (-85) - DKKTWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Mar 5th, 2021 at 4.5085527
The intermediate-term trend has been DOWN since Aug 4th, 2021 at 4.4354580
The short-term trend has been UP since Oct 10th, 2021 at 4.3630177
Smart Scan Analysis for DKKTWD
Based on our trend formula, DKKTWD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).