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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

Canadian Dollar/Danish Krone (FOREX:CADDKK)

Long-Term Uptrend (+90) - CADDKK is in a strong uptrend that is likely to continue. While CADDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
5.18155 5.19175 5.16350 5.16600 -0.01555
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 Sep 23rd, 2021 at 5.01440

short term up The short-term trend has been UP since Oct 22nd, 2021 at 5.19160

Smart Scan Analysis for CADDKK

Based on our trend formula, CADDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.18155 5.19175 5.16350 5.16600 -0.01555
Prev. Close Volume Bid Ask Time
5.18155 2021-10-22 17:00:54
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