Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Crossroads (-60) - CNYDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNYDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYDKK
The long-term trend has been UP since Sep 26th, 2023 at 0.9818949
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.9774503
The short-term trend has been DOWN since Nov 27th, 2023 at 0.9582117
Smart Scan Analysis for CNYDKK
Based on our trend formula, CNYDKK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).