Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Danish Krone/US Dollar (FOREX:DKKUSD)
Bull Market Weakness (+75) - DKKUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKUSD as it may be in the beginning stages 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 Sep 14th, 2023 at 0.14317417
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.14268850
The short-term trend has been UP since Nov 26th, 2023 at 0.14687739
Smart Scan Analysis for DKKUSD
Based on our trend formula, DKKUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).