Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Danish Krone/US Dollar (FOREX:DKKUSD)
Crossroads (+60) - DKKUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Mar 5th, 2021 at 0.16062193
The intermediate-term trend has been UP since Apr 13th, 2021 at 0.16066064
The short-term trend has been UP since Apr 19th, 2021 at 0.16127732
Smart Scan Analysis for DKKUSD
Based on our trend formula, DKKUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).