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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.

FOREX_DKKUSD
Open High Low DKKUSD Price Change
0.14546650 0.14589020 0.14507450 0.14560492 +0.00013800
Entry Signal

MarketClub’s Trade Triangles for DKKUSD

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 0.14431264

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.14466965

short term up 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).

-75
Smart Scan Analysis for DKKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14546650 0.14589020 0.14507450 0.14560492 +0.00013800
Prev. Close Volume Bid Ask Time
0.14546650 0.14559432 0.14561552 2020-04-08 21:37:09
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