Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Danish Krone/Special drawing rights (FOREX:DKKXDR)
Crossroads (-60) - DKKXDR 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 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 DOWN since Mar 5th, 2021 at 0.11230841
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.11194173
The short-term trend has been UP since Apr 6th, 2021 at 0.11135387
Smart Scan Analysis for DKKXDR
Based on our trend formula, DKKXDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).