Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Danish Krone (FOREX:USDDKK)
Crossroads (-60) - USDDKK 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 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 UP since Mar 19th, 2020 at 6.92969
The intermediate-term trend has been DOWN since May 1st, 2020 at 6.78957
The short-term trend has been DOWN since May 26th, 2020 at 6.81990
Smart Scan Analysis for USDDKK
Based on our trend formula, USDDKK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).