Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Long-Term Uptrend (+90) - CNYDKK is in a strong uptrend that is likely to continue. While CNYDKK 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 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 Oct 15th, 2020 at 0.9445778
The intermediate-term trend has been UP since Sep 13th, 2021 at 0.9788703
The short-term trend has been UP since Oct 19th, 2021 at 0.9987809
Smart Scan Analysis for CNYDKK
Based on our trend formula, CNYDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).