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Forex Trend Analysis Report

Prepared for you on Thursday, February 20, 2020.

Canadian Dollar/Danish Krone (FOREX:CADDKK)

Strong Uptrend (+100) - CADDKK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADDKK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid CADDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADDKK
Open High Low CADDKK Price Change
5.2287 5.2343 5.2268 5.2297 +0.0010
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term up The long-term trend has been UP since Jun 20th, 2019 at 5.00860

intermediate term up The intermediate-term trend has been UP since Feb 13th, 2020 at 5.16875

short term up The short-term trend has been UP since Feb 5th, 2020 at 5.11310

Smart Scan Analysis for CADDKK

Based on our trend formula, CADDKK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for CADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2287 5.2343 5.2268 5.2297 +0.0010
Prev. Close Volume Bid Ask Time
5.2287 5.2292 5.2302 2020-02-20 02:40:26
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