Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Danish Krone (FOREX:CADDKK)
Long-Term Downtrend (-90) - CADDKK is in a strong downtrend that is likely to continue. While CADDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CADDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADDKK
The long-term trend has been DOWN since Mar 6th, 2024 at 5.0442
The intermediate-term trend has been DOWN since May 7th, 2024 at 5.0574
The short-term trend has been DOWN since Apr 30th, 2024 at 5.0849
Smart Scan Analysis for CADDKK
Based on our trend formula, CADDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.05610 | 5.06120 | 5.05430 | 5.05935 | +0.00325 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.05610 | 2024-05-09 04:05:33 |