Index Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
Morningstar Denmark Index PR USD (CME:MSDKUSDP)
Long-Term Downtrend (-90) - MSDKUSDP is in a strong downtrend that is likely to continue. While MSDKUSDP 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 MSDKUSDP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSDKUSDP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSDKUSDP
The long-term trend has been DOWN since Dec 20th, 2021 at 9826.73
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 9470.53
The short-term trend has been DOWN since May 2nd, 2022 at 9137.56
Smart Scan Analysis for MSDKUSDP
Based on our trend formula, MSDKUSDP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).