Forex Trend Analysis Report
Prepared for you on Friday, June 2, 2023.
Japanese Yen/Danish Krone (FOREX:JPYDKK)
Countertrend Down (-85) - JPYDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid JPYDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYDKK
The long-term trend has been DOWN since Apr 11th, 2023 at 0.0511150
The intermediate-term trend has been DOWN since May 28th, 2023 at 0.0493440
The short-term trend has been UP since May 30th, 2023 at 0.0497395
Smart Scan Analysis for JPYDKK
Based on our trend formula, JPYDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).