Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
Danish Krone/United Arab Emirates Dirham (FOREX:DKKAED)
Crossroads (+60) - DKKAED is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Mar 5th, 2021 at 0.59003795
The intermediate-term trend has been UP since Apr 13th, 2021 at 0.59002033
The short-term trend has been UP since May 17th, 2021 at 0.59995643
Smart Scan Analysis for DKKAED
Based on our trend formula, DKKAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).