Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Euro/Danish Krone (FOREX:EURDKK)
Long-Term Downtrend (-90) - EURDKK is in a strong downtrend that is likely to continue. While EURDKK 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 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 DOWN since Jan 15th, 2021 at 7.430270
The short-term trend has been DOWN since Feb 25th, 2021 at 7.435550
Smart Scan Analysis for EURDKK
Based on our trend formula, EURDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).