Forex Trend Analysis Report
Prepared for you on Saturday, June 19, 2021.
Danish Krone/British Pound (FOREX:DKKGBP)
Bear Market Rally (-75) - DKKGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DKKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKGBP
The long-term trend has been DOWN since Nov 11th, 2020 at 0.11913557
The intermediate-term trend has been DOWN since May 10th, 2021 at 0.11547612
The short-term trend has been DOWN since Jun 16th, 2021 at 0.11527511
Smart Scan Analysis for DKKGBP
Based on our trend formula, DKKGBP is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).