Forex Trend Analysis Report
Prepared for you on Friday, September 24, 2021.
Danish Krone/Rwandan Franc (FOREX:DKKRWF)
Bull Market Weakness (+75) - DKKRWF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKRWF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DKKRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKRWF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKRWF
The long-term trend has been UP since Sep 3rd, 2021 at 161.06925
The intermediate-term trend has been UP since Sep 3rd, 2021 at 159.70045
The short-term trend has been DOWN since Sep 22nd, 2021 at 160.85394
Smart Scan Analysis for DKKRWF
Based on our trend formula, DKKRWF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).