Forex Trend Analysis Report
Prepared for you on Saturday, January 29, 2022.
Danish Krone/Japanese Yen (FOREX:DKKJPY)
Countertrend Down (-85) - DKKJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid DKKJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKJPY
The long-term trend has been DOWN since Nov 26th, 2021 at 17.20215
The intermediate-term trend has been DOWN since Jan 19th, 2022 at 17.39700
The short-term trend has been UP since Jan 26th, 2022 at 17.35770
Smart Scan Analysis for DKKJPY
Based on our trend formula, DKKJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).