Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Bull Market Weakness (+75) - DKKCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKCNY as it may be in the beginning stages 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 Nov 30th, 2020 at 1.0586939
The short-term trend has been UP since Nov 23rd, 2020 at 1.0495768
Smart Scan Analysis for DKKCNY
Based on our trend formula, DKKCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).