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.
MarketClub’s Trade Triangles for CHFDKK
The long-term trend has been DOWN since Jun 2nd, 2020 at 6.945516
The intermediate-term trend has been UP since Jun 25th, 2020 at 7.011605
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).