Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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, SHORTSYMBOL 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
1.0001136 1.0001136 0.9996109 0.9996109 -0.0005030
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 Sep 13th, 2021 at 1.0215876

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 1.0012224

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
1.0001136 1.0001136 0.9996109 0.9996109 -0.0005030
Prev. Close Volume Bid Ask Time
1.0001136 2021-10-22 01:54:23
Get a free daily analysis and signals for Danish Krone/Chinese Yuan Renminbi (DKKCNY) - Request Your Free Report.