Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
Turkish Lira/Danish Krone (FOREX:TRYDKK)
Countertrend Down (-85) - TRYDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Oct 9th, 2023 at 0.25330298
The short-term trend has been UP since Nov 30th, 2023 at 0.23652466
Smart Scan Analysis for TRYDKK
Based on our trend formula, TRYDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).