Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 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 Oct 15th, 2021 at 0.056150
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.056992
The short-term trend has been DOWN since Oct 8th, 2021 at 0.057489
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).