Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
/Danish Krone (FOREX:XDRDKK)
Long-Term Downtrend (-90) - XDRDKK is in a strong downtrend that is likely to continue. While XDRDKK 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 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 Mar 24th, 2020 at 9.289458
The intermediate-term trend has been DOWN since Mar 24th, 2020 at 9.353686
The short-term trend has been DOWN since Mar 24th, 2020 at 9.333206
Smart Scan Analysis for XDRDKK
Based on our trend formula, XDRDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).