Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
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.
MarketClub’s Trade Triangles for CADDKK
The long-term trend has been UP since Jun 2nd, 2023 at 5.17425
The intermediate-term trend has been UP since Sep 1st, 2023 at 5.09475
The short-term trend has been UP since Aug 31st, 2023 at 5.08195
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).