Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)

Countertrend Down (-85) - DKKTWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_DKKTWD
Open High Low DKKTWD Price Change
4.1174506 4.1183844 4.0908210 4.0956117 -0.0218390
Entry Signal

MarketClub’s Trade Triangles for DKKTWD

long term down The long-term trend has been DOWN since Jun 2nd, 2022 at 4.0898758

intermediate term down The intermediate-term trend has been DOWN since Jun 2nd, 2022 at 4.1511565

short term up The short-term trend has been UP since Jun 28th, 2022 at 4.2292276

Smart Scan Analysis for DKKTWD

Based on our trend formula, DKKTWD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for DKKTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1174506 4.1183844 4.0908210 4.0956117 -0.0218390
Prev. Close Volume Bid Ask Time
4.1174506 2022-07-06 06:32:41
Get a free daily analysis and signals for Danish Krone/New Taiwan Dollar (DKKTWD) - Request Your Free Report.