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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.

FOREX_CADDKK
Open High Low CADDKK Price Change
5.00610 5.01315 5.00480 5.00805 +0.00195
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term up The long-term trend has been UP since Nov 11th, 2024 at 5.0235

intermediate term down The intermediate-term trend has been DOWN since Dec 6th, 2024 at 4.9949

short term up 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).

-55
Smart Scan Analysis for CADDKK
Strong Downtrend Sideways 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
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