Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, April 2, 2025.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Sidelines Mode (-55) - CNYDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for CNYDKK
The long-term trend has been DOWN since Feb 26th, 2025 at 0.9598942
The intermediate-term trend has been DOWN since Feb 14th, 2025 at 0.9767418
The short-term trend has been UP since Apr 1st, 2025 at 0.9522531
Smart Scan Analysis for CNYDKK
Based on our trend formula, CNYDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9506685 | 0.9518486 | 0.9506011 | 0.9512324 | +0.0005640 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9506685 | 2025-04-02 03:44:49 |