Forex Trend Analysis Report
Prepared for you on Wednesday, August 4, 2021.
Danish Krone/Ugandan Shilling (FOREX:DKKUGX)
Crossroads (-60) - DKKUGX 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 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 Aug 2nd, 2021 at 563.68024
The short-term trend has been UP since Aug 2nd, 2021 at 563.68024
Smart Scan Analysis for DKKUGX
Based on our trend formula, DKKUGX is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).