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Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

Canadian Dollar/Danish Krone (FOREX:CADDKK)

Crossroads (+60) - CADDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
4.98955 4.99175 4.98280 4.98850 -0.00105
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term down The long-term trend has been DOWN since Mar 6th, 2024 at 5.0442

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2024 at 4.9958

short term up The short-term trend has been UP since Oct 1st, 2024 at 4.9683

Smart Scan Analysis for CADDKK

Based on our trend formula, CADDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.98955 4.99175 4.98280 4.98850 -0.00105
Prev. Close Volume Bid Ask Time
4.98955 2024-10-04 04:08:23
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