Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Danish Krone/South African Rand (FOREX:DKKZAR)
Sidelines Mode (-55) - DKKZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Jul 25th, 2021 at 2.353405
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 2.299050
The short-term trend has been UP since Oct 12th, 2021 at 2.342725
Smart Scan Analysis for DKKZAR
Based on our trend formula, DKKZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).