Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Danish Krone/South African Rand (FOREX:DKKZAR)

Bear Market Rally (-75) - DKKZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKZAR as it may be in the beginning of a reversal.

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.

FOREX_DKKZAR
Open High Low DKKZAR Price Change
2.70814 2.71920 2.70356 2.71068 +0.00254
Entry Signal

MarketClub’s Trade Triangles for DKKZAR

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 2.700090

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 2.719410

short term up The short-term trend has been UP since Apr 15th, 2024 at 2.712415

Smart Scan Analysis for DKKZAR

Based on our trend formula, DKKZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for DKKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.70814 2.71920 2.70356 2.71068 +0.00254
Prev. Close Volume Bid Ask Time
2.70814 2024-04-16 10:39:51
Get a free daily analysis and signals for Danish Krone/South African Rand (DKKZAR) - Request Your Free Report.