Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Sidelines Mode (+55) - DKKCNY 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 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 UP since Mar 6th, 2020 at 1.0498137
The intermediate-term trend has been DOWN since Mar 19th, 2020 at 1.0171883
The short-term trend has been UP since Apr 7th, 2020 at 1.0297879
Smart Scan Analysis for DKKCNY
Based on our trend formula, DKKCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).