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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
Danish Krone/South African Rand (FOREX:DKKZAR)
Long-Term Downtrend (-90) - DKKZAR is in a strong downtrend that is likely to continue. While DKKZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for DKKZAR
The long-term trend has been DOWN since Apr 5th, 2024 at 2.700090
The intermediate-term trend has been DOWN since Aug 19th, 2024 at 2.623655
The short-term trend has been DOWN since Sep 12th, 2024 at 2.637130
Smart Scan Analysis for DKKZAR
Based on our trend formula, DKKZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.619070 | 2.630055 | 2.618115 | 2.629700 | +0.010630 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.619070 | 2024-09-20 03:51:26 |