Forex Trend Analysis Report
Prepared for you on Saturday, May 8, 2021.
Danish Krone/Russian Ruble (FOREX:DKKRUB)
Sidelines Mode (+55) - DKKRUB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DKKRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKRUB
The long-term trend has been UP since Apr 7th, 2021 at 12.438848
The intermediate-term trend has been UP since Mar 23rd, 2021 at 12.137105
The short-term trend has been DOWN since Apr 16th, 2021 at 12.142451
Smart Scan Analysis for DKKRUB
Based on our trend formula, DKKRUB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).