Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
US Dollar/Danish Krone (FOREX:USDDKK)
Bull Market Weakness (+75) - USDDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDDKK as it may be in the beginning stages of a reversal.
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 Sep 19th, 2021 at 6.34234
The short-term trend has been DOWN since Oct 13th, 2021 at 6.42290
Smart Scan Analysis for USDDKK
Based on our trend formula, USDDKK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).