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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Countertrend Up (+85) - CNYDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 1st, 2024 at 0.9601933
The intermediate-term trend has been UP since Nov 12th, 2024 at 0.9732005
The short-term trend has been DOWN since Nov 18th, 2024 at 0.9747534
Smart Scan Analysis for CNYDKK
Based on our trend formula, CNYDKK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9724520 | 0.9747031 | 0.9723296 | 0.9742692 | +0.0018170 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9724520 | 2024-11-20 03:39:13 |