Forex Trend Analysis Report
Prepared for you on Monday, January 30, 2023.
New Zealand Dollar/Danish Krone (FOREX:NZDDKK)
Sidelines Mode (-55) - NZDDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Sep 26th, 2022 at 4.3839
The intermediate-term trend has been UP since Jan 18th, 2023 at 4.4607
The short-term trend has been DOWN since Jan 25th, 2023 at 4.4090
Smart Scan Analysis for NZDDKK
Based on our trend formula, NZDDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).