Forex Trend Analysis Report
Prepared for you on Tuesday, January 31, 2023.
British Pound/Danish Krone (FOREX:GBPDKK)
Crossroads (+60) - GBPDKK 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 GBPDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPDKK
The long-term trend has been DOWN since Jan 2nd, 2023 at 8.3769
The intermediate-term trend has been UP since Jan 18th, 2023 at 8.4842
The short-term trend has been UP since Jan 27th, 2023 at 8.4844
Smart Scan Analysis for GBPDKK
Based on our trend formula, GBPDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).