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Forex Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

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.

FOREX_DKKCNY
Open High Low DKKCNY Price Change
1.0311759 1.0314548 1.0249288 1.0257205 -0.0054550
Entry Signal

MarketClub’s Trade Triangles for DKKCNY

long term down The long-term trend has been DOWN since Sep 26th, 2023 at 1.0184407

intermediate term down The intermediate-term trend has been DOWN since Dec 5th, 2023 at 1.0263491

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 1.0375232

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).

-100
Smart Scan Analysis for DKKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0311759 1.0314548 1.0249288 1.0257205 -0.0054550
Prev. Close Volume Bid Ask Time
1.0311759 2023-12-05 23:58:47
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