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Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Crossroads (+60) - CNYDKK 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 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.
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MarketClub’s Trade Triangles for CNYDKK
The long-term trend has been DOWN since Oct 4th, 2022 at 1.0535902
The intermediate-term trend has been UP since Feb 7th, 2023 at 1.0234257
The short-term trend has been UP since Feb 3rd, 2023 at 1.0178672
Smart Scan Analysis for CNYDKK
Based on our trend formula, CNYDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0218208 | 1.0268906 | 1.0213425 | 1.0236863 | +0.0018660 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0218208 | 2023-02-07 12:25:49 |