Free Daily Analysis

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.

FOREX_CNYDKK
Open High Low CNYDKK Price Change
1.0218208 1.0268906 1.0213425 1.0236863 +0.0018660
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

long term down The long-term trend has been DOWN since Oct 4th, 2022 at 1.0535902

intermediate term up The intermediate-term trend has been UP since Feb 7th, 2023 at 1.0234257

short term up 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).

+60
Smart Scan Analysis for CNYDKK
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Chinese Yuan Renminbi/Danish Krone (CNYDKK) - Request Your Free Report.