Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Bull Market Weakness (+75) - DKKCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKCNY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DKKCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCNY.
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 DKKCNY
The long-term trend has been DOWN since Apr 11th, 2024 at 1.0207136
The intermediate-term trend has been UP since May 6th, 2024 at 1.0221326
The short-term trend has been UP since May 2nd, 2024 at 1.0200999
Smart Scan Analysis for DKKCNY
Based on our trend formula, DKKCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0237966 | 1.0243146 | 1.0186634 | 1.0236233 | -0.0001730 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0237966 | 2024-05-08 23:34:14 |