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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.

FOREX_USDDKK
Open High Low USDDKK Price Change
6.283600 6.285265 6.263860 6.268000 -0.015600
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term down The long-term trend has been DOWN since Jul 14th, 2020 at 6.52758

intermediate term down The intermediate-term trend has been DOWN since Oct 20th, 2020 at 6.28340

short term down 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).

-100
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.283600 6.285265 6.263860 6.268000 -0.015600
Prev. Close Volume Bid Ask Time
6.283600 2020-10-21 11:52:51
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