Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Russian Ruble/Danish Krone (FOREX:RUBDKK)
Sidelines Mode (+55) - RUBDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RUBDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBDKK
The long-term trend has been DOWN since Feb 27th, 2020 at 0.10428473
The intermediate-term trend has been UP since Apr 7th, 2020 at 0.09129044
The short-term trend has been DOWN since May 29th, 2020 at 0.09496945
Smart Scan Analysis for RUBDKK
Based on our trend formula, RUBDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).