Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 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 Apr 21st, 2025 at 0.8880159
The intermediate-term trend has been DOWN since Apr 20th, 2025 at 0.8901374
The short-term trend has been UP since Apr 30th, 2025 at 0.9042782
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 |
|---|---|---|---|---|
| 0.9199042 | 0.9202516 | 0.9172289 | 0.9178545 | -0.0020500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9199042 | 2025-05-09 07:43:29 |