Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Japanese Yen/Danish Krone (FOREX:JPYDKK)
Long-Term Downtrend (-90) - JPYDKK is in a strong downtrend that is likely to continue. While JPYDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JPYDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYDKK
The long-term trend has been DOWN since Jun 2nd, 2020 at 0.061648
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.058405
The short-term trend has been DOWN since Feb 5th, 2021 at 0.058625
Smart Scan Analysis for JPYDKK
Based on our trend formula, JPYDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).