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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Danish Krone/Canadian Dollar (FOREX:DKKCAD)
Long-Term Uptrend (+90) - DKKCAD is in a strong uptrend that is likely to continue. While DKKCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid DKKCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCAD.
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 DKKCAD
The long-term trend has been UP since Mar 6th, 2024 at 0.1982325
The intermediate-term trend has been UP since May 7th, 2024 at 0.1977120
The short-term trend has been UP since Apr 30th, 2024 at 0.1966440
Smart Scan Analysis for DKKCAD
Based on our trend formula, DKKCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19774850 | 0.19782750 | 0.19743574 | 0.19748783 | -0.00026100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19774850 | 2024-05-09 05:21:32 |