Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Danish Krone/Singapore Dollar (FOREX:DKKSGD)

Long-Term Downtrend (-90) - DKKSGD is in a strong downtrend that is likely to continue. While DKKSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid DKKSGD?

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

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

FOREX_DKKSGD
Open High Low DKKSGD Price Change
0.1933555 0.1937025 0.1931120 0.1935485 +0.0001930
Entry Signal

MarketClub’s Trade Triangles for DKKSGD

long term down The long-term trend has been DOWN since Sep 27th, 2023 at 0.1932575

intermediate term down The intermediate-term trend has been DOWN since Dec 4th, 2023 at 0.1942475

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 0.1961155

Smart Scan Analysis for DKKSGD

Based on our trend formula, DKKSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DKKSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1933555 0.1937025 0.1931120 0.1935485 +0.0001930
Prev. Close Volume Bid Ask Time
0.1933555 2023-12-08 11:16:39
Get a free daily analysis and signals for Danish Krone/Singapore Dollar (DKKSGD) - Request Your Free Report.