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.
MarketClub’s Trade Triangles for DKKSGD
The long-term trend has been DOWN since Sep 27th, 2023 at 0.1932575
The intermediate-term trend has been DOWN since Dec 4th, 2023 at 0.1942475
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).