Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, March 12, 2025.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Long-Term Downtrend (-90) - CNYDKK is in a strong downtrend that is likely to continue. While CNYDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNYDKK
The long-term trend has been DOWN since Feb 26th, 2025 at 0.9598942
The intermediate-term trend has been DOWN since Feb 14th, 2025 at 0.9767418
The short-term trend has been DOWN since Mar 3rd, 2025 at 0.9795771
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9427560 | 0.9470755 | 0.9404229 | 0.9465048 | +0.0037490 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9427560 | 2025-03-12 16:08:34 |