Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Danish Krone/South African Rand (FOREX:DKKZAR)
Bull Market Weakness (+75) - DKKZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKZAR as it may be in the beginning stages of a reversal.
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 UP since Feb 27th, 2020 at 2.261335
The intermediate-term trend has been UP since Jan 14th, 2020 at 2.158000
The short-term trend has been DOWN since Apr 7th, 2020 at 2.680595
Smart Scan Analysis for DKKZAR
Based on our trend formula, DKKZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).