Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Danish Krone/Canadian Dollar (FOREX:DKKCAD)
Crossroads (-60) - DKKCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for DKKCAD
The long-term trend has been UP since Nov 14th, 2023 at 0.19888700
The intermediate-term trend has been DOWN since Dec 4th, 2023 at 0.19637614
The short-term trend has been DOWN since Nov 28th, 2023 at 0.19946940
Smart Scan Analysis for DKKCAD
Based on our trend formula, DKKCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).