Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Canadian Dollar/Danish Krone (FOREX:CADDKK)
Countertrend Up (+85) - CADDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for CADDKK
The long-term trend has been UP since Oct 4th, 2021 at 5.09085
The intermediate-term trend has been UP since Jul 4th, 2022 at 5.55130
The short-term trend has been UP since Aug 16th, 2022 at 5.67890
Smart Scan Analysis for CADDKK
Based on our trend formula, CADDKK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).