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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.

FOREX_DKKCNY
Open High Low DKKCNY Price Change
1.0282940 1.0304751 1.0253491 1.0289072 +0.0006130
Entry Signal

MarketClub’s Trade Triangles for DKKCNY

long term up The long-term trend has been UP since Mar 6th, 2020 at 1.0498137

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2020 at 1.0171883

short term up 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).

+55
Smart Scan Analysis for DKKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0282940 1.0304751 1.0253491 1.0289072 +0.0006130
Prev. Close Volume Bid Ask Time
1.0282940 1.0275673 1.0302470 2020-04-08 21:40:46
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