Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
British Pound/Danish Krone (FOREX:GBPDKK)
Countertrend Down (-85) - GBPDKK 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 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 May 5th, 2022 at 8.73370
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 8.81630
The short-term trend has been UP since Jun 24th, 2022 at 8.68185
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).