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Forex Trend Analysis Report

Prepared for you on Tuesday, October 15, 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.

FOREX_DKKCNY
Open High Low DKKCNY Price Change
1.0384436 1.0409587 1.0382055 1.0390075 +0.0005640
Entry Signal

MarketClub’s Trade Triangles for DKKCNY

long term down The long-term trend has been DOWN since Oct 1st, 2024 at 1.0414570

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2024 at 1.0500214

short term up The short-term trend has been UP since Oct 14th, 2024 at 1.0383972

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).

-85
Smart Scan Analysis for DKKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0384436 1.0409587 1.0382055 1.0390075 +0.0005640
Prev. Close Volume Bid Ask Time
1.0384436 2024-10-15 18:52:24
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