Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Strong Downtrend (-100) - CNYDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Mar 6th, 2020 at 0.9525515
The intermediate-term trend has been DOWN since May 18th, 2020 at 0.9639819
The short-term trend has been DOWN since May 18th, 2020 at 0.9681624
Smart Scan Analysis for CNYDKK
Based on our trend formula, CNYDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).