Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Danish Krone/South African Rand (FOREX:DKKZAR)
Bull Market Weakness (+75) - DKKZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKZAR as it may be in the beginning stages 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.
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 Jul 28th, 2022 at 2.266805
The short-term trend has been UP since Aug 17th, 2022 at 2.252705
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).