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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Canadian Dollar/Danish Krone (FOREX:CADDKK)
Bull Market Weakness (+75) - CADDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADDKK as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for CADDKK
The long-term trend has been DOWN since Mar 6th, 2024 at 5.04420
The intermediate-term trend has been UP since Mar 28th, 2024 at 5.08555
The short-term trend has been UP since Apr 19th, 2024 at 5.09670
Smart Scan Analysis for CADDKK
Based on our trend formula, CADDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.09950 | 5.10470 | 5.09760 | 5.10225 | +0.00275 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.09950 | 2024-04-24 05:15:00 |