Forex Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
US Dollar/Danish Krone (FOREX:USDDKK)
Strong Downtrend (-100) - USDDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDDKK
The long-term trend has been DOWN since Jul 14th, 2020 at 6.52758
The intermediate-term trend has been DOWN since Oct 20th, 2020 at 6.28340
The short-term trend has been DOWN since Oct 19th, 2020 at 6.33005
Smart Scan Analysis for USDDKK
Based on our trend formula, USDDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).