Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
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 Mar 21st, 2021 at 0.7647880
The intermediate-term trend has been DOWN since Feb 25th, 2021 at 0.8368000
The short-term trend has been DOWN since Apr 19th, 2021 at 0.7617612
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).