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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Canadian Dollar/Danish Krone (FOREX:CADDKK)

Bull Market Weakness (+75) - CADDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADDKK as it may be in the beginning stages of a reversal.

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
5.0929 5.0942 5.0753 5.0888 -0.0041
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term down The long-term trend has been DOWN since Mar 6th, 2024 at 5.0442

intermediate term up The intermediate-term trend has been UP since Jun 11th, 2024 at 5.0498

short term up The short-term trend has been UP since Jun 14th, 2024 at 5.0605

Smart Scan Analysis for CADDKK

Based on our trend formula, CADDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0929 5.0942 5.0753 5.0888 -0.0041
Prev. Close Volume Bid Ask Time
5.0929 2024-06-24 19:31:03
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