Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Danish Krone/Special drawing rights (FOREX:DKKXDR)
Long-Term Downtrend (-90) - DKKXDR is in a strong downtrend that is likely to continue. While DKKXDR 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 DKKXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKXDR
The long-term trend has been DOWN since Mar 5th, 2021 at 0.11230841
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.11107757
The short-term trend has been DOWN since Sep 27th, 2021 at 0.11099927
Smart Scan Analysis for DKKXDR
Based on our trend formula, DKKXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).