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.

Open	High	Low	DKKZAR Price	Change
2.288860	2.294945	2.284045	2.284045	-0.004815
Entry Signal

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).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.288860	2.294945	2.284045	2.284045	-0.004815
Prev. Close	Volume	Bid	Ask	Time
2.288860				2021-10-22 04:43:16

Get a free daily analysis and signals for Danish Krone/South African Rand (DKKZAR) - Request Your Free Report.