Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
British Pound/Danish Krone (FOREX:GBPDKK)
Crossroads (+60) - GBPDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Oct 19th, 2023 at 8.5630
The intermediate-term trend has been UP since Nov 29th, 2023 at 8.6224
The short-term trend has been UP since Nov 21st, 2023 at 8.5381
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).