Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Danish Krone/Swedish Krona (FOREX:DKKSEK)
Sidelines Mode (-55) - DKKSEK 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 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 UP since Apr 1st, 2021 at 1.3810
The intermediate-term trend has been DOWN since Apr 14th, 2021 at 1.3640
The short-term trend has been UP since Apr 20th, 2021 at 1.3615
Smart Scan Analysis for DKKSEK
Based on our trend formula, DKKSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).