Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
Euro/Danish Krone (FOREX:EURDKK)
Sidelines Mode (-55) - EURDKK 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 EURDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURDKK
The long-term trend has been UP since Jan 1st, 2020 at 7.55528
The intermediate-term trend has been DOWN since Mar 23rd, 2020 at 7.46242
The short-term trend has been UP since Apr 3rd, 2020 at 7.47085
Smart Scan Analysis for EURDKK
Based on our trend formula, EURDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).