Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
Danish Krone/Canadian Dollar (FOREX:DKKCAD)
Long-Term Downtrend (-90) - DKKCAD is in a strong downtrend that is likely to continue. While DKKCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DKKCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKCAD
The long-term trend has been DOWN since Jan 20th, 2021 at 0.20567601
The intermediate-term trend has been DOWN since Jan 12th, 2021 at 0.20822238
The short-term trend has been DOWN since Mar 2nd, 2021 at 0.20470890
Smart Scan Analysis for DKKCAD
Based on our trend formula, DKKCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).