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Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
Special drawing rights/Danish Krone (FOREX:XDRDKK)
Countertrend Up (+85) - XDRDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid XDRDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XDRDKK
The long-term trend has been UP since Mar 5th, 2021 at 8.904053
The intermediate-term trend has been UP since Jan 19th, 2022 at 9.200922
The short-term trend has been UP since Jan 19th, 2022 at 9.200922
Smart Scan Analysis for XDRDKK
Based on our trend formula, XDRDKK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.213277 | 9.213277 | 9.213277 | 9.213277 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.213277 | 2022-01-19 07:19:34 |