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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)

Bull Market Weakness (+75) - CNYDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYDKK as it may be in the beginning stages of a reversal.

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.

FOREX_CNYDKK
Open High Low CNYDKK Price Change
1.0832419 1.0873596 1.0832419 1.0864353 +0.0031930
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

long term up The long-term trend has been UP since Oct 15th, 2020 at 0.9445778

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 1.0751355

short term up The short-term trend has been UP since Aug 15th, 2022 at 1.0787928

Smart Scan Analysis for CNYDKK

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

+75
Smart Scan Analysis for CNYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0832419 1.0873596 1.0832419 1.0864353 +0.0031930
Prev. Close Volume Bid Ask Time
1.0832419 2022-08-19 16:18:15
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