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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Canadian Dollar/Danish Krone (FOREX:CADDKK)

Long-Term Uptrend (+90) - CADDKK is in a strong uptrend that is likely to continue. While CADDKK 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 ?

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.

FOREX_CADDKK
Open High Low CADDKK Price Change
5.2075 5.2143 5.2010 5.2082 +0.0007
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term up The long-term trend has been UP since Jun 20th, 2019 at 5.00860

intermediate term up The intermediate-term trend has been UP since Feb 13th, 2020 at 5.16875

short term up The short-term trend has been UP since Feb 5th, 2020 at 5.11310

Smart Scan Analysis for CADDKK

Based on our trend formula, CADDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2075 5.2143 5.2010 5.2082 +0.0007
Prev. Close Volume Bid Ask Time
5.2075 5.2065 5.2099 2020-02-17 16:58:52
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