Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)
Crossroads (-60) - DKKTWD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 22nd, 2020 at 4.3535399
The intermediate-term trend has been UP since May 19th, 2020 at 4.3714976
The short-term trend has been UP since May 12th, 2020 at 4.3425854
Smart Scan Analysis for DKKTWD
Based on our trend formula, DKKTWD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).