Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
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.
MarketClub’s Trade Triangles for DKKZAR
The long-term trend has been DOWN since Nov 1st, 2020 at 2.53563
The intermediate-term trend has been DOWN since May 10th, 2021 at 2.29205
The short-term trend has been DOWN since May 5th, 2021 at 2.33220
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).