Forex Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
US Dollar/Danish Krone (FOREX:USDDKK)
Weak Downtrend (-65) - USDDKK is showing signs of a strengthening downtrend. Monitor USDDKK as it may be building momentum to the downside.
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 5th, 2021 at 6.2258
The intermediate-term trend has been DOWN since Apr 13th, 2021 at 6.2243
The short-term trend has been DOWN since Apr 5th, 2021 at 6.3104
Smart Scan Analysis for USDDKK
Based on our trend formula, USDDKK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).