Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

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.

Open	High	Low	CNYDKK Price	Change
0.9592569	0.9638355	0.9561768	0.9578712	-0.0013860
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

The long-term trend has been UP since Sep 26th, 2023 at 0.9818949

The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.9774503

The short-term trend has been DOWN since Nov 27th, 2023 at 0.9582117

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.9592569	0.9638355	0.9561768	0.9578712	-0.0013860
Prev. Close	Volume	Bid	Ask	Time
0.9592569				2023-11-28 14:26:10

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