Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Danish Krone/South African Rand (FOREX:DKKZAR)
Sidelines Mode (+50) - DKKZAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until DKKZAR can gain momentum.
Is it time to buy, sell, or avoid DKKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKZAR
The long-term trend has been DOWN since Dec 18th, 2019 at 2.134200
The intermediate-term trend has been UP since Jan 14th, 2020 at 2.158000
The short-term trend has been UP since Feb 17th, 2020 at 2.170955
Smart Scan Analysis for DKKZAR
Based on our trend formula, DKKZAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).