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.
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 DOWN since Feb 22nd, 2021 at 0.9464001
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).