Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Danish Krone/Special drawing rights (FOREX:DKKXDR)
Countertrend Up (+85) - DKKXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since May 19th, 2020 at 0.10811361
The intermediate-term trend has been UP since Nov 5th, 2020 at 0.11213566
The short-term trend has been UP since Nov 23rd, 2020 at 0.11202537
Smart Scan Analysis for DKKXDR
Based on our trend formula, DKKXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).