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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Swiss Franc/Danish Krone (FOREX:CHFDKK)

Long-Term Uptrend (+90) - CHFDKK is in a strong uptrend that is likely to continue. While CHFDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid CHFDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFDKK
Open High Low CHFDKK Price Change
7.701750 7.771602 7.682937 7.732607 +0.030857
Entry Signal

MarketClub’s Trade Triangles for CHFDKK

long term up The long-term trend has been UP since Feb 24th, 2022 at 7.230648

intermediate term up The intermediate-term trend has been UP since Jun 16th, 2022 at 7.309505

short term up The short-term trend has been UP since Aug 8th, 2022 at 7.632873

Smart Scan Analysis for CHFDKK

Based on our trend formula, CHFDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CHFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.701750 7.771602 7.682937 7.732607 +0.030857
Prev. Close Volume Bid Ask Time
7.701750 2022-08-15 18:44:44
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