Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

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.

FOREX_CNYDKK
Open High Low CNYDKK Price Change
0.9466707 0.9470362 0.9414856 0.9422317 -0.0044390
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 Feb 22nd, 2021 at 0.9464001

short term down The short-term trend has been DOWN since Feb 22nd, 2021 at 0.9477553

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).

-60
Smart Scan Analysis for CNYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9466707 0.9470362 0.9414856 0.9422317 -0.0044390
Prev. Close Volume Bid Ask Time
0.9466707 2021-02-25 11:32:48
Get a free daily analysis and signals for Chinese Yuan Renminbi/Danish Krone (CNYDKK) - Request Your Free Report.