Forex Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
Danish Krone/Ugandan Shilling (FOREX:DKKUGX)
Sidelines Mode (+50) - DKKUGX is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKUGX can gain momentum.
Is it time to buy, sell, or avoid DKKUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKUGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKUGX
The long-term trend has been DOWN since Jul 19th, 2021 at 569.42708
The intermediate-term trend has been UP since Jan 13th, 2022 at 541.20984
The short-term trend has been UP since Jan 13th, 2022 at 541.20984
Smart Scan Analysis for DKKUGX
Based on our trend formula, DKKUGX is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).