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Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Swiss Franc/Danish Krone (FOREX:CHFDKK)

Countertrend Down (-85) - CHFDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
6.891550 6.911218 6.871887 6.882015 -0.009535
Entry Signal

MarketClub’s Trade Triangles for CHFDKK

long term down The long-term trend has been DOWN since Nov 25th, 2020 at 6.842200

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 6.914718

short term up The short-term trend has been UP since Nov 27th, 2020 at 6.901614

Smart Scan Analysis for CHFDKK

Based on our trend formula, CHFDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CHFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.891550 6.911218 6.871887 6.882015 -0.009535
Prev. Close Volume Bid Ask Time
6.891550 2020-11-27 03:57:47
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