Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
British Pound/Danish Krone (FOREX:GBPDKK)
Sidelines Mode (+55) - GBPDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Nov 11th, 2020 at 8.3938
The intermediate-term trend has been UP since Oct 29th, 2020 at 8.2635
The short-term trend has been DOWN since Nov 25th, 2020 at 8.3424
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).