Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
British Pound/Danish Krone (FOREX:GBPDKK)
Bear Market Rally (-75) - GBPDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPDKK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPDKK
The long-term trend has been DOWN since Mar 1st, 2020 at 8.64760
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 8.75260
The short-term trend has been DOWN since Apr 6th, 2020 at 8.43385
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).