Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Swiss Franc/Danish Krone (FOREX:CHFDKK)

Bear Market Rally (-75) - CHFDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFDKK as it may be in the beginning of a reversal.

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
7.617191 7.620600 7.614300 7.617307 +0.000116
Entry Signal

MarketClub’s Trade Triangles for CHFDKK

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 7.78860

intermediate term up The intermediate-term trend has been UP since Apr 17th, 2024 at 7.70855

short term down The short-term trend has been DOWN since Apr 21st, 2024 at 7.67270

Smart Scan Analysis for CHFDKK

Based on our trend formula, CHFDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CHFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.617191 7.620600 7.614300 7.617307 +0.000116
Prev. Close Volume Bid Ask Time
7.617191 2024-04-25 02:04:50
Get a free daily analysis and signals for Swiss Franc/Danish Krone (CHFDKK) - Request Your Free Report.