Forex Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
Danish Krone/Euro (FOREX:DKKEUR)
Strong Uptrend (+100) - DKKEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, DKKEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid DKKEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKEUR
The long-term trend has been UP since Apr 23rd, 2020 at 0.13417100
The intermediate-term trend has been UP since Oct 6th, 2020 at 0.13448242
The short-term trend has been UP since Oct 18th, 2020 at 0.13440093
Smart Scan Analysis for DKKEUR
Based on our trend formula, DKKEUR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).