Forex Trend Analysis Report
Prepared for you on Wednesday, July 8, 2020.
New Zealand Dollar/Danish Krone (FOREX:NZDDKK)
Long-Term Uptrend (+90) - NZDDKK is in a strong uptrend that is likely to continue. While NZDDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid NZDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDDKK
The long-term trend has been UP since Jun 2nd, 2020 at 4.2393844
The intermediate-term trend has been UP since Apr 6th, 2020 at 4.1134500
The short-term trend has been UP since Jun 30th, 2020 at 4.2857000
Smart Scan Analysis for NZDDKK
Based on our trend formula, NZDDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).