Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Japanese Yen/Danish Krone (FOREX:JPYDKK)
Crossroads (-60) - JPYDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 13th, 2020 at 0.062650
The intermediate-term trend has been DOWN since May 19th, 2020 at 0.063362
The short-term trend has been DOWN since May 26th, 2020 at 0.063302
Smart Scan Analysis for JPYDKK
Based on our trend formula, JPYDKK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).