Forex Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
Danish Krone/Canadian Dollar (FOREX:DKKCAD)
Strong Downtrend (-100) - DKKCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKCAD continues to fall. 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 Oct 4th, 2021 at 0.19652374
The intermediate-term trend has been DOWN since Jan 4th, 2022 at 0.19299550
The short-term trend has been DOWN since Jan 9th, 2022 at 0.19274900
Smart Scan Analysis for DKKCAD
Based on our trend formula, DKKCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).