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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)
Long-Term Downtrend (-90) - DKKTWD is in a strong downtrend that is likely to continue. While DKKTWD 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 DKKTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DKKTWD
The long-term trend has been DOWN since Oct 16th, 2024 at 4.6824933
The intermediate-term trend has been DOWN since Sep 27th, 2024 at 4.7139991
The short-term trend has been DOWN since Dec 25th, 2024 at 4.5493825
Smart Scan Analysis for DKKTWD
Based on our trend formula, DKKTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5646129 | 4.5662228 | 4.5599398 | 4.5652144 | +0.0006020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5646129 | 2024-12-26 07:47:07 |