Forex Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Weak Downtrend (-65) - CNYDKK is showing signs of a strengthening downtrend. Monitor CNYDKK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CNYDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYDKK
The long-term trend has been UP since Oct 15th, 2020 at 0.9445778
The intermediate-term trend has been DOWN since Apr 8th, 2021 at 0.9537180
The short-term trend has been DOWN since Apr 6th, 2021 at 0.9618538
Smart Scan Analysis for CNYDKK
Based on our trend formula, CNYDKK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).