Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
MarketClub’s Trade Triangles for CHFDKK
The long-term trend has been UP since Jun 7th, 2021 at 6.810883
The intermediate-term trend has been UP since Sep 30th, 2021 at 6.885000
The short-term trend has been UP since Oct 22nd, 2021 at 6.983325
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).