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Forex Trend Analysis Report
Prepared for you on Friday, December 13, 2024.
Canadian Dollar/Danish Krone (FOREX:CADDKK)
Sidelines Mode (-55) - CADDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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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 DOWN since Dec 6th, 2024 at 4.9949
The short-term trend has been UP since Dec 11th, 2024 at 5.0135
Smart Scan Analysis for CADDKK
Based on our trend formula, CADDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.00610 | 5.01315 | 5.00480 | 5.00805 | +0.00195 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.00610 | 2024-12-13 04:20:14 |