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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swiss Franc/Danish Krone (FOREX:CHFDKK)
Long-Term Downtrend (-90) - CHFDKK is in a strong downtrend that is likely to continue. While CHFDKK 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 CHFDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFDKK.
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 CHFDKK
The long-term trend has been DOWN since Mar 1st, 2024 at 7.7886
The intermediate-term trend has been DOWN since May 1st, 2024 at 7.5821
The short-term trend has been DOWN since May 7th, 2024 at 7.6318
Smart Scan Analysis for CHFDKK
Based on our trend formula, CHFDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.63930 | 7.64810 | 7.63650 | 7.64355 | +0.00425 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.63930 | 2024-05-09 08:59:21 |