Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
Danish Krone/Special drawing rights (FOREX:DKKXDR)
Bull Market Weakness (+75) - DKKXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKXDR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for DKKXDR
The long-term trend has been UP since May 19th, 2020 at 0.10811361
The intermediate-term trend has been UP since Feb 25th, 2021 at 0.11355186
The short-term trend has been UP since Feb 25th, 2021 at 0.11330569
Smart Scan Analysis for DKKXDR
Based on our trend formula, DKKXDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).