Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

Danish Krone/Canadian Dollar (FOREX:DKKCAD)

Sidelines Mode (-55) - DKKCAD 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 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
0.19476982 0.19490714 0.19468849 0.19472307 -0.00004700
Entry Signal

MarketClub’s Trade Triangles for DKKCAD

long term down The long-term trend has been DOWN since Jun 19th, 2019 at 0.19963500

intermediate term down The intermediate-term trend has been DOWN since Feb 13th, 2020 at 0.19342425

short term up The short-term trend has been UP since Feb 21st, 2020 at 0.19237050

Smart Scan Analysis for DKKCAD

Based on our trend formula, DKKCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for DKKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19476982 0.19490714 0.19468849 0.19472307 -0.00004700
Prev. Close Volume Bid Ask Time
0.19476982 0.19471395 0.19473219 2020-02-27 00:47:28
Get a free daily analysis and signals for Danish Krone/Canadian Dollar (DKKCAD) - Request Your Free Report.