Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
New Zealand Dollar/Danish Krone (FOREX:NZDDKK)
Sidelines Mode (-50) - NZDDKK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NZDDKK can gain momentum.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDDKK
The long-term trend has been UP since Dec 2nd, 2019 at 4.3885
The intermediate-term trend has been DOWN since Jan 28th, 2020 at 4.4298
The short-term trend has been DOWN since Feb 17th, 2020 at 4.4271
Smart Scan Analysis for NZDDKK
Based on our trend formula, NZDDKK is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).