Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Danish Krone/US Dollar (FOREX:DKKUSD)
Bear Market Rally (-75) - DKKUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKUSD as it may be in the beginning of a reversal.
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 Mar 19th, 2020 at 0.14431264
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.14466965
The short-term trend has been UP since Apr 7th, 2020 at 0.14531410
Smart Scan Analysis for DKKUSD
Based on our trend formula, DKKUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).