Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Swiss Franc/Danish Krone (FOREX:CHFDKK)
Strong Uptrend (+100) - CHFDKK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CHFDKK 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 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.
MarketClub’s Trade Triangles for CHFDKK
The long-term trend has been UP since May 22nd, 2023 at 7.670565
The intermediate-term trend has been UP since Nov 29th, 2023 at 7.780700
The short-term trend has been UP since Nov 22nd, 2023 at 7.735800
Smart Scan Analysis for CHFDKK
Based on our trend formula, CHFDKK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).