Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Danish Krone/South African Rand (FOREX:DKKZAR)
Weak Downtrend (-65) - DKKZAR is showing signs of a strengthening downtrend. Monitor DKKZAR as it may be building momentum to the downside.
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 DOWN since Feb 3rd, 2021 at 2.412605
The short-term trend has been UP since Feb 25th, 2021 at 2.433375
Smart Scan Analysis for DKKZAR
Based on our trend formula, DKKZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).