Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
US Dollar/Danish Krone (FOREX:USDDKK)
Long-Term Uptrend (+90) - USDDKK is in a strong uptrend that is likely to continue. While USDDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDDKK
The long-term trend has been UP since Mar 19th, 2020 at 6.92969
The intermediate-term trend has been UP since Mar 18th, 2020 at 6.91289
The short-term trend has been UP since Mar 31st, 2020 at 6.81046
Smart Scan Analysis for USDDKK
Based on our trend formula, USDDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).