Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Danish Krone/Hong Kong Dollar (FOREX:DKKHKD)
Bear Market Rally (-75) - DKKHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKHKD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DKKHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKHKD
The long-term trend has been DOWN since Feb 5th, 2020 at 1.1432617
The intermediate-term trend has been DOWN since Dec 25th, 2019 at 1.1515782
The short-term trend has been UP since Feb 21st, 2020 at 1.1276229
Smart Scan Analysis for DKKHKD
Based on our trend formula, DKKHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).