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.

Open	High	Low	DKKZAR Price	Change
2.473355	2.489125	2.473000	2.481700	+0.008345
Entry Signal

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).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.473355	2.489125	2.473000	2.481700	+0.008345
Prev. Close	Volume	Bid	Ask	Time
2.473355				2020-12-04 08:25:01

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