Forex Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
Danish Krone/Canadian Dollar (FOREX:DKKCAD)
Sidelines Mode (+55) - DKKCAD 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 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 UP since Feb 27th, 2020 at 0.19766148
The intermediate-term trend has been UP since May 1st, 2020 at 0.20726500
The short-term trend has been DOWN since May 25th, 2020 at 0.20434961
Smart Scan Analysis for DKKCAD
Based on our trend formula, DKKCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).