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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.

FOREX_DKKZAR
Open High Low DKKZAR Price Change
2.290395 2.296700 2.275505 2.293455 +0.003060
Entry Signal

MarketClub’s Trade Triangles for DKKZAR

long term down The long-term trend has been DOWN since Nov 1st, 2020 at 2.53563

intermediate term down The intermediate-term trend has been DOWN since May 10th, 2021 at 2.29205

short term down 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).

-90
Smart Scan Analysis for DKKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.290395 2.296700 2.275505 2.293455 +0.003060
Prev. Close Volume Bid Ask Time
2.290395 2021-05-12 23:37:24
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