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.
MarketClub’s Trade Triangles for AUDDKK
The long-term trend has been DOWN since Sep 24th, 2020 at 4.4941
The intermediate-term trend has been DOWN since Sep 22nd, 2020 at 4.5494
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).