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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

Canadian Dollar/Danish Krone (FOREX:CADDKK)

Crossroads (+60) - CADDKK is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_CADDKK
Open High Low CADDKK Price Change
5.09260 5.11835 5.08820 5.10320 +0.01060
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 5.02790

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2023 at 5.09175

short term up The short-term trend has been UP since Nov 28th, 2023 at 5.01300

Smart Scan Analysis for CADDKK

Based on our trend formula, CADDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.09260 5.11835 5.08820 5.10320 +0.01060
Prev. Close Volume Bid Ask Time
5.09260 2023-12-11 14:20:43
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