Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
Danish Krone/South African Rand (FOREX:DKKZAR)
Crossroads (+60) - DKKZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DKKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKZAR
The long-term trend has been DOWN since Feb 14th, 2022 at 2.291575
The intermediate-term trend has been UP since Jun 28th, 2022 at 2.277465
The short-term trend has been UP since Jun 28th, 2022 at 2.264025
Smart Scan Analysis for DKKZAR
Based on our trend formula, DKKZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).