Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, May 24, 2022.

Danish Krone/Norwegian Krone (FOREX:DKKNOK)

Strong Uptrend (+100) - DKKNOK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, DKKNOK 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 DKKNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKNOK
Open High Low DKKNOK Price Change
1.3806900 1.3879742 1.3794073 1.3845707 +0.0038810
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term up The long-term trend has been UP since May 9th, 2022 at 1.3728000

intermediate term up The intermediate-term trend has been UP since Apr 24th, 2022 at 1.3036623

short term up The short-term trend has been UP since May 18th, 2022 at 1.3762812

Smart Scan Analysis for DKKNOK

Based on our trend formula, DKKNOK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3806900 1.3879742 1.3794073 1.3845707 +0.0038810
Prev. Close Volume Bid Ask Time
1.3806900 2022-05-24 11:54:03
Get a free daily analysis and signals for Danish Krone/Norwegian Krone (DKKNOK) - Request Your Free Report.