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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

Danish Krone/Canadian Dollar (FOREX:DKKCAD)

Bear Market Rally (-75) - DKKCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKCAD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid DKKCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKCAD
Open High Low DKKCAD Price Change
0.17607263 0.17722819 0.17605752 0.17679200 +0.00071900
Entry Signal

MarketClub’s Trade Triangles for DKKCAD

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 0.19652374

intermediate term down The intermediate-term trend has been DOWN since Jul 4th, 2022 at 0.18013241

short term down The short-term trend has been DOWN since Aug 3rd, 2022 at 0.17551427

Smart Scan Analysis for DKKCAD

Based on our trend formula, DKKCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for DKKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17607263 0.17722819 0.17605752 0.17679200 +0.00071900
Prev. Close Volume Bid Ask Time
0.17607263 2022-08-09 15:57:13
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