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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Danish Krone/Canadian Dollar (FOREX:DKKCAD)

Weak Downtrend (-65) - DKKCAD is showing signs of a strengthening downtrend. Monitor DKKCAD as it may be building momentum to the downside.

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
0.19566850 0.19630565 0.19542954 0.19606101 +0.00039300
Entry Signal

MarketClub’s Trade Triangles for DKKCAD

long term up The long-term trend has been UP since Mar 6th, 2024 at 0.19823250

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 0.19663626

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 0.19620403

Smart Scan Analysis for DKKCAD

Based on our trend formula, DKKCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for DKKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19566850 0.19630565 0.19542954 0.19606101 +0.00039300
Prev. Close Volume Bid Ask Time
0.19566850 2024-04-23 23:53:37
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