Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
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
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 Jun 20th, 2019 at 5.00860
The intermediate-term trend has been UP since Feb 13th, 2020 at 5.16875
The short-term trend has been UP since Feb 5th, 2020 at 5.11310
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).