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Forex Trend Analysis Report

Prepared for you on Friday, October 23, 2020.

Australian Dollar/Danish Krone (FOREX:AUDDKK)

Strong Downtrend (-100) - AUDDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid AUDDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDDKK
Open High Low AUDDKK Price Change
4.4859 4.4945 4.4792 4.4874 +0.0015
Entry Signal

MarketClub’s Trade Triangles for AUDDKK

long term down The long-term trend has been DOWN since Sep 24th, 2020 at 4.4941

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2020 at 4.5494

short term down The short-term trend has been DOWN since Oct 14th, 2020 at 4.5213

Smart Scan Analysis for AUDDKK

Based on our trend formula, AUDDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for AUDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4859 4.4945 4.4792 4.4874 +0.0015
Prev. Close Volume Bid Ask Time
4.4859 2020-10-23 07:05:39
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