Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Turkish Lira/Danish Krone (FOREX:TRYDKK)
Long-Term Downtrend (-90) - TRYDKK is in a strong downtrend that is likely to continue. While TRYDKK 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 TRYDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYDKK
The long-term trend has been DOWN since Oct 12th, 2021 at 0.71195000
The intermediate-term trend has been DOWN since Mar 14th, 2023 at 0.36245000
The short-term trend has been DOWN since Mar 28th, 2023 at 0.35670071
Smart Scan Analysis for TRYDKK
Based on our trend formula, TRYDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).