Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Danish Krone/US Dollar (FOREX:DKKUSD)
Sidelines Mode (-55) - DKKUSD 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 DKKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKUSD
The long-term trend has been DOWN since Aug 8th, 2021 at 0.15799286
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 0.15767151
The short-term trend has been UP since Oct 19th, 2021 at 0.15651044
Smart Scan Analysis for DKKUSD
Based on our trend formula, DKKUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).