Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Canadian Dollar/Danish Krone (FOREX:CADDKK)
Crossroads (+60) - CADDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Nov 14th, 2023 at 5.02790
The intermediate-term trend has been UP since Dec 4th, 2023 at 5.09175
The short-term trend has been UP since Nov 28th, 2023 at 5.01300
Smart Scan Analysis for CADDKK
Based on our trend formula, CADDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).