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Forex Trend Analysis Report

Prepared for you on Wednesday, July 8, 2020.

Swiss Franc/Danish Krone (FOREX:CHFDKK)

Crossroads (+60) - CHFDKK 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 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
7.007650 7.022457 7.006800 7.009750 +0.002100
Entry Signal

MarketClub’s Trade Triangles for CHFDKK

long term down The long-term trend has been DOWN since Jun 2nd, 2020 at 6.945516

intermediate term up The intermediate-term trend has been UP since Jun 25th, 2020 at 7.011605

short term up The short-term trend has been UP since Jul 8th, 2020 at 7.019567

Smart Scan Analysis for CHFDKK

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

+60
Smart Scan Analysis for CHFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.007650 7.022457 7.006800 7.009750 +0.002100
Prev. Close Volume Bid Ask Time
7.007650 7.009100 7.010400 2020-07-08 03:27:17
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