Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
Danish Krone/US Dollar (FOREX:DKKUSD)
Long-Term Downtrend (-90) - DKKUSD is in a strong downtrend that is likely to continue. While DKKUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jun 12th, 2022 at 0.14123695
The short-term trend has been DOWN since Jun 28th, 2022 at 0.14133137
Smart Scan Analysis for DKKUSD
Based on our trend formula, DKKUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).