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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

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
4.8145 4.8180 4.8089 4.8094 -0.0051
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term up The long-term trend has been UP since Nov 2nd, 2020 at 4.8360

intermediate term up The intermediate-term trend has been UP since Nov 2nd, 2020 at 4.8360

short term up The short-term trend has been UP since Nov 24th, 2020 at 4.8167

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
4.8145 4.8180 4.8089 4.8094 -0.0051
Prev. Close Volume Bid Ask Time
4.8145 2020-11-24 04:40:16
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