Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
British Pound/Danish Krone (FOREX:GBPDKK)
Bull Market Weakness (+75) - GBPDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPDKK as it may be in the beginning stages 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 UP since Nov 11th, 2020 at 8.3938
The intermediate-term trend has been UP since Dec 31st, 2020 at 8.3079
The short-term trend has been DOWN since Feb 25th, 2021 at 8.5859
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).