Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Special drawing rights/Danish Krone (FOREX:XDRDKK)
Strong Downtrend (-100) - XDRDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XDRDKK continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 16th, 2023 at 9.075719
The intermediate-term trend has been DOWN since Oct 24th, 2023 at 9.213580
The short-term trend has been DOWN since Oct 24th, 2023 at 9.213580
Smart Scan Analysis for XDRDKK
Based on our trend formula, XDRDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).