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Forex Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

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
0.9493977 0.9494531 0.9423498 0.9481983 -0.0011990
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 Nov 30th, 2020 at 0.9445908

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 0.9527665

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
0.9493977 0.9494531 0.9423498 0.9481983 -0.0011990
Prev. Close Volume Bid Ask Time
0.9493977 2020-11-30 18:08:46
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