Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
British Pound/Danish Krone (FOREX:GBPDKK)
Long-Term Uptrend (+90) - GBPDKK is in a strong uptrend that is likely to continue. While GBPDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 11th, 2020 at 8.39380
The intermediate-term trend has been UP since Oct 6th, 2021 at 8.74735
The short-term trend has been UP since Oct 14th, 2021 at 8.78215
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).