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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Danish Krone/Special drawing rights (FOREX:DKKXDR)

Long-Term Downtrend (-90) - DKKXDR is in a strong downtrend that is likely to continue. While DKKXDR 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 DKKXDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKXDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKXDR
Open High Low DKKXDR Price Change
0.11071457 0.11071457 0.11071457 0.11071457 0.00000000
Entry Signal

MarketClub’s Trade Triangles for DKKXDR

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.11230841

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.11107757

short term down The short-term trend has been DOWN since Sep 27th, 2021 at 0.11099927

Smart Scan Analysis for DKKXDR

Based on our trend formula, DKKXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DKKXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11071457 0.11071457 0.11071457 0.11071457 0.00000000
Prev. Close Volume Bid Ask Time
0.11071457 2021-10-14 07:18:44
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