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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Swiss Franc/Danish Krone (FOREX:CHFDKK)

Long-Term Downtrend (-90) - CHFDKK is in a strong downtrend that is likely to continue. While CHFDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_CHFDKK
Open High Low CHFDKK Price Change
7.720815 7.724000 7.719200 7.721750 +0.000935
Entry Signal

MarketClub’s Trade Triangles for CHFDKK

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 7.7886

intermediate term down The intermediate-term trend has been DOWN since Feb 12th, 2024 at 7.8722

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 7.7604

Smart Scan Analysis for CHFDKK

Based on our trend formula, CHFDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CHFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.720815 7.724000 7.719200 7.721750 +0.000935
Prev. Close Volume Bid Ask Time
7.720815 2024-03-19 00:48:46
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