Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Strong Downtrend (-100) - DKKCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DKKCNY continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DKKCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKCNY
The long-term trend has been DOWN since Oct 15th, 2020 at 1.0586759
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.9485525
The short-term trend has been DOWN since Jun 29th, 2022 at 0.9473536
Smart Scan Analysis for DKKCNY
Based on our trend formula, DKKCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).