Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Danish Krone/Ugandan Shilling (FOREX:DKKUGX)
Sidelines Mode (+55) - DKKUGX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Nov 19th, 2023 at 550.35566
The intermediate-term trend has been UP since Oct 18th, 2023 at 531.48296
The short-term trend has been DOWN since Dec 4th, 2023 at 555.80666
Smart Scan Analysis for DKKUGX
Based on our trend formula, DKKUGX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).