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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.

FOREX_CNYDKK
Open High Low CNYDKK Price Change
0.9547950 0.9551987 0.9512935 0.9512935 -0.0035010
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

long term up The long-term trend has been UP since Oct 15th, 2020 at 0.9445778

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2021 at 0.9537180

short term down 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).

-70
Smart Scan Analysis for CNYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9547950 0.9551987 0.9512935 0.9512935 -0.0035010
Prev. Close Volume Bid Ask Time
0.9547950 2021-04-13 14:49:03
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