Forex Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
Danish Krone/Special drawing rights (FOREX:DKKXDR)
Sidelines Mode (+50) - DKKXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKXDR can gain momentum.
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 UP since Jul 27th, 2022 at 0.10328657
The short-term trend has been UP since Jul 27th, 2022 at 0.10328657
Smart Scan Analysis for DKKXDR
Based on our trend formula, DKKXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).