Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Danish Krone/United Arab Emirates Dirham (FOREX:DKKAED)
Bull Market Weakness (+75) - DKKAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKAED as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DKKAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKAED
The long-term trend has been UP since Jul 14th, 2020 at 0.56261666
The intermediate-term trend has been UP since May 19th, 2020 at 0.53983003
The short-term trend has been DOWN since Aug 4th, 2020 at 0.57972746
Smart Scan Analysis for DKKAED
Based on our trend formula, DKKAED is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).