Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Euro/Danish Krone (FOREX:EURDKK)
Bear Market Rally (-75) - EURDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURDKK as it may be in the beginning of a reversal.
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 DOWN since Apr 20th, 2020 at 7.456865
The intermediate-term trend has been UP since Nov 15th, 2020 at 7.454750
The short-term trend has been DOWN since Nov 20th, 2020 at 7.446455
Smart Scan Analysis for EURDKK
Based on our trend formula, EURDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).