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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Euro/Danish Krone (FOREX:EURDKK)

Countertrend Down (-85) - EURDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_EURDKK
Open High Low EURDKK Price Change
7.43712 7.43862 7.43636 7.43677 -0.00035
Entry Signal

MarketClub’s Trade Triangles for EURDKK

long term down The long-term trend has been DOWN since Aug 18th, 2022 at 7.433390

intermediate term down The intermediate-term trend has been DOWN since Aug 11th, 2022 at 7.436865

short term up The short-term trend has been UP since Aug 18th, 2022 at 7.439550

Smart Scan Analysis for EURDKK

Based on our trend formula, EURDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.43712 7.43862 7.43636 7.43677 -0.00035
Prev. Close Volume Bid Ask Time
7.43712 2022-08-19 16:05:57
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