Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Countertrend Down (-85) - DKKCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Oct 1st, 2024 at 1.0414570
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 1.0275375
The short-term trend has been UP since Nov 18th, 2024 at 1.0259005
Smart Scan Analysis for DKKCNY
Based on our trend formula, DKKCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0283284 | 1.0284578 | 1.0257147 | 1.0257147 | -0.0026140 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0283284 | 2024-11-20 03:47:40 |