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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.

FOREX_CADDKK
Open High Low CADDKK Price Change
5.6588 5.6666 5.6534 5.6610 +0.0022
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term up The long-term trend has been UP since Oct 4th, 2021 at 5.09085

intermediate term up The intermediate-term trend has been UP since Jul 4th, 2022 at 5.55130

short term up 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).

+80
Smart Scan Analysis for CADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.6588 5.6666 5.6534 5.6610 +0.0022
Prev. Close Volume Bid Ask Time
5.6588 2022-08-18 04:01:12
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