Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
US Dollar/Danish Krone (FOREX:USDDKK)
Long-Term Uptrend (+90) - USDDKK is in a strong uptrend that is likely to continue. While USDDKK 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 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 Aug 8th, 2021 at 6.32950
The intermediate-term trend has been UP since Jan 25th, 2022 at 6.59788
The short-term trend has been UP since Jan 17th, 2022 at 6.52830
Smart Scan Analysis for USDDKK
Based on our trend formula, USDDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).