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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Canadian Dollar/Danish Krone (FOREX:CADDKK)
Strong Uptrend (+100) - CADDKK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADDKK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Nov 11th, 2024 at 5.0235
The intermediate-term trend has been UP since Nov 6th, 2024 at 5.0102
The short-term trend has been UP since Nov 19th, 2024 at 5.0336
Smart Scan Analysis for CADDKK
Based on our trend formula, CADDKK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.04610 | 5.05505 | 5.04450 | 5.05430 | +0.00820 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.04610 | 2024-11-20 03:45:59 |