Forex Trend Analysis Report
Prepared for you on Tuesday, November 29, 2022.
Danish Krone/US Dollar (FOREX:DKKUSD)
Countertrend Up (+85) - DKKUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DKKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKUSD
The long-term trend has been UP since Nov 13th, 2022 at 0.13933405
The intermediate-term trend has been UP since Oct 26th, 2022 at 0.13443824
The short-term trend has been DOWN since Nov 28th, 2022 at 0.13905962
Smart Scan Analysis for DKKUSD
Based on our trend formula, DKKUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).