Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
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 Nov 1st, 2020 at 2.535630
The intermediate-term trend has been UP since Dec 2nd, 2020 at 2.492055
The short-term trend has been UP since Nov 27th, 2020 at 2.454415
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).