Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Bear Market Rally (-75) - DKKCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKCNY as it may be in the beginning of a reversal.
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 UP since Feb 22nd, 2021 at 1.0566373
The short-term trend has been DOWN since Feb 26th, 2021 at 1.0530534
Smart Scan Analysis for DKKCNY
Based on our trend formula, DKKCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).