Forex Trend Analysis Report
Prepared for you on Thursday, July 9, 2020.
Danish Krone/Swedish Krona (FOREX:DKKSEK)
Strong Downtrend (-100) - DKKSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DKKSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKSEK
The long-term trend has been DOWN since May 29th, 2020 at 1.40320
The intermediate-term trend has been DOWN since Apr 27th, 2020 at 1.45150
The short-term trend has been DOWN since Jul 7th, 2020 at 1.40108
Smart Scan Analysis for DKKSEK
Based on our trend formula, DKKSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).