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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.

FOREX_DKKCAD
Open High Low DKKCAD Price Change
0.19637600 0.19662333 0.19560204 0.19609562 -0.00028000
Entry Signal

MarketClub’s Trade Triangles for DKKCAD

long term up The long-term trend has been UP since Nov 14th, 2023 at 0.19888700

intermediate term down The intermediate-term trend has been DOWN since Dec 4th, 2023 at 0.19637614

short term down 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).

-60
Smart Scan Analysis for DKKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19637600 0.19662333 0.19560204 0.19609562 -0.00028000
Prev. Close Volume Bid Ask Time
0.19609562 2023-12-08 20:32:20
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