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.
MarketClub’s Trade Triangles for DKKCNY
The long-term trend has been DOWN since Sep 26th, 2023 at 1.0184407
The intermediate-term trend has been DOWN since Dec 5th, 2023 at 1.0263491
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).