Forex Trend Analysis Report
Prepared for you on Wednesday, July 8, 2020.
Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)
Bear Market Rally (-75) - DKKTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKTWD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for DKKTWD
The long-term trend has been DOWN since Mar 22nd, 2020 at 4.3535399
The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 4.4626036
The short-term trend has been UP since Jul 6th, 2020 at 4.4582261
Smart Scan Analysis for DKKTWD
Based on our trend formula, DKKTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).