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.
MarketClub’s Trade Triangles for CADDKK
The long-term trend has been UP since Oct 4th, 2021 at 5.09085
The intermediate-term trend has been UP since Sep 23rd, 2021 at 5.01440
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).