Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Euro/Danish Krone (FOREX:EURDKK)
Crossroads (+60) - EURDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURDKK
The long-term trend has been DOWN since Apr 20th, 2020 at 7.456865
The intermediate-term trend has been UP since Aug 3rd, 2020 at 7.450350
The short-term trend has been UP since Jul 31st, 2020 at 7.447550
Smart Scan Analysis for EURDKK
Based on our trend formula, EURDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).