Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
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 Jun 27th, 2021 at 7.428590
The intermediate-term trend has been UP since Oct 1st, 2021 at 7.438115
The short-term trend has been UP since Oct 1st, 2021 at 7.437250
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).