Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
United Arab Emirates Dirham/Danish Krone (FOREX:AEDDKK)
Bear Market Rally (-75) - AEDDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AEDDKK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid AEDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDDKK
The long-term trend has been DOWN since Jul 14th, 2020 at 1.7774098
The intermediate-term trend has been DOWN since May 19th, 2020 at 1.8524357
The short-term trend has been UP since Aug 4th, 2020 at 1.7249490
Smart Scan Analysis for AEDDKK
Based on our trend formula, AEDDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).