Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)
Long-Term Uptrend (+90) - DKKTWD is in a strong uptrend that is likely to continue. While DKKTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Feb 16th, 2021 at 4.5744506
The short-term trend has been UP since Feb 24th, 2021 at 4.5544287
Smart Scan Analysis for DKKTWD
Based on our trend formula, DKKTWD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).