Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
Canadian Dollar/Danish Krone (FOREX:CADDKK)
Weak Downtrend (-65) - CADDKK is showing signs of a strengthening downtrend. Monitor CADDKK as it may be building momentum to the downside.
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 DOWN since Feb 27th, 2020 at 5.0586
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 5.0763
The short-term trend has been UP since Apr 2nd, 2020 at 4.8342
Smart Scan Analysis for CADDKK
Based on our trend formula, CADDKK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).