Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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 Sep 14th, 2023 at 6.98450
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 7.00833
The short-term trend has been DOWN since Nov 26th, 2023 at 6.80840
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).