Forex Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
Danish Krone/South African Rand (FOREX:DKKZAR)
Weak Downtrend (-65) - DKKZAR is showing signs of a strengthening downtrend. Monitor DKKZAR as it may be building momentum to the downside.
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 UP since Jul 7th, 2022 at 2.308495
The intermediate-term trend has been DOWN since Jun 5th, 2023 at 2.771110
The short-term trend has been DOWN since Jun 2nd, 2023 at 2.817980
Smart Scan Analysis for DKKZAR
Based on our trend formula, DKKZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).