Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Danish Krone/Swiss Franc (FOREX:DKKCHF)
Long-Term Downtrend (-90) - DKKCHF is in a strong downtrend that is likely to continue. While DKKCHF 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 DKKCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKCHF
The long-term trend has been DOWN since Jun 8th, 2021 at 14.69350
The intermediate-term trend has been DOWN since Sep 30th, 2021 at 14.54225
The short-term trend has been DOWN since Oct 27th, 2021 at 14.32600
Smart Scan Analysis for DKKCHF
Based on our trend formula, DKKCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).