Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)

Crossroads (-60) - CNYDKK 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 CNYDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	CNYDKK Price	Change
0.9768885	0.9808147	0.9768206	0.9806095	+0.0037210
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

The long-term trend has been UP since Apr 11th, 2024 at 0.9797084

The intermediate-term trend has been DOWN since May 6th, 2024 at 0.9783483

The short-term trend has been DOWN since May 2nd, 2024 at 0.9803326

Smart Scan Analysis for CNYDKK

Based on our trend formula, CNYDKK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.9768885	0.9808147	0.9768206	0.9806095	+0.0037210
Prev. Close	Volume	Bid	Ask	Time
0.9768885				2024-05-09 05:03:27

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