Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Special drawing rights/Danish Krone (FOREX:XDRDKK)
Bull Market Weakness (+75) - XDRDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRDKK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XDRDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XDRDKK
The long-term trend has been UP since Mar 5th, 2021 at 8.904053
The intermediate-term trend has been UP since Sep 23rd, 2021 at 9.002718
The short-term trend has been UP since Sep 27th, 2021 at 9.009068
Smart Scan Analysis for XDRDKK
Based on our trend formula, XDRDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).