Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Danish Krone/United Arab Emirates Dirham (FOREX:DKKAED)
Sidelines Mode (+55) - DKKAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Jul 14th, 2020 at 0.56261666
The intermediate-term trend has been UP since Feb 22nd, 2021 at 0.60096883
The short-term trend has been DOWN since Feb 26th, 2021 at 0.59882583
Smart Scan Analysis for DKKAED
Based on our trend formula, DKKAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).