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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

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
1.0501326 1.0517472 1.0485897 1.0496841 -0.0004490
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 up The intermediate-term trend has been UP since Jan 20th, 2022 at 1.0370109

short term up The short-term trend has been UP since Jan 18th, 2022 at 1.0287700

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
1.0501326 1.0517472 1.0485897 1.0496841 -0.0004490
Prev. Close Volume Bid Ask Time
1.0501326 2022-01-28 10:19:53
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