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Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)

Long-Term Uptrend (+90) - CNYDKK is in a strong uptrend that is likely to continue. While CNYDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.9594506 0.9700212 0.9586728 0.9677351 +0.0082840
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

long term up The long-term trend has been UP since Oct 1st, 2024 at 0.9601933

intermediate term up The intermediate-term trend has been UP since Sep 11th, 2024 at 0.9523615

short term up The short-term trend has been UP since Oct 1st, 2024 at 0.9555923

Smart Scan Analysis for CNYDKK

Based on our trend formula, CNYDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9594506 0.9700212 0.9586728 0.9677351 +0.0082840
Prev. Close Volume Bid Ask Time
0.9594506 2024-10-04 19:24:33
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