Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Danish Krone/US Dollar (FOREX:DKKUSD)
Strong Uptrend (+100) - DKKUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, DKKUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jul 14th, 2020 at 0.15319613
The intermediate-term trend has been UP since Nov 8th, 2020 at 0.15963731
The short-term trend has been UP since Nov 24th, 2020 at 0.15985191
Smart Scan Analysis for DKKUSD
Based on our trend formula, DKKUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).