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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.

FOREX_DKKCNY
Open High Low DKKCNY Price Change
0.9395430 0.9395430 0.9280938 0.9280938 -0.0114490
Entry Signal

MarketClub’s Trade Triangles for DKKCNY

long term down The long-term trend has been DOWN since Oct 15th, 2020 at 1.0586759

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.9485525

short term down 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).

-100
Smart Scan Analysis for DKKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9395430 0.9395430 0.9280938 0.9280938 -0.0114490
Prev. Close Volume Bid Ask Time
0.9395430 2022-07-05 07:49:39
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