Forex Trend Analysis Report
Prepared for you on Sunday, June 20, 2021.
Danish Krone/Japanese Yen (FOREX:DKKJPY)
Crossroads (-60) - DKKJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Jun 2nd, 2020 at 16.2225
The intermediate-term trend has been DOWN since Jun 17th, 2021 at 17.8192
The short-term trend has been DOWN since Jun 16th, 2021 at 17.8379
Smart Scan Analysis for DKKJPY
Based on our trend formula, DKKJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).