Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
Danish Krone/Czech Koruna (FOREX:DKKCZK)
Sidelines Mode (-55) - DKKCZK 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 DKKCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKCZK
The long-term trend has been DOWN since Jul 21st, 2020 at 3.5529
The intermediate-term trend has been DOWN since Jul 21st, 2020 at 3.5664
The short-term trend has been UP since Aug 7th, 2020 at 3.5355
Smart Scan Analysis for DKKCZK
Based on our trend formula, DKKCZK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).