Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Canadian Dollar/Danish Krone (FOREX:CADDKK)
Bull Market Weakness (+75) - CADDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADDKK as it may be in the beginning stages of a reversal.
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 Nov 2nd, 2020 at 4.8360
The intermediate-term trend has been UP since Nov 2nd, 2020 at 4.8360
The short-term trend has been UP since Nov 24th, 2020 at 4.8167
Smart Scan Analysis for CADDKK
Based on our trend formula, CADDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).