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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Danish Krone/Canadian Dollar (FOREX:DKKCAD)

Long-Term Downtrend (-90) - DKKCAD is in a strong downtrend that is likely to continue. While DKKCAD 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 DKKCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKCAD
Open High Low DKKCAD Price Change
0.19279748 0.19296450 0.19275350 0.19292804 +0.00013100
Entry Signal

MarketClub’s Trade Triangles for DKKCAD

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 0.19652374

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.19942450

short term down The short-term trend has been DOWN since Sep 22nd, 2021 at 0.20106922

Smart Scan Analysis for DKKCAD

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

-90
Smart Scan Analysis for DKKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19279748 0.19296450 0.19275350 0.19292804 +0.00013100
Prev. Close Volume Bid Ask Time
0.19279748 2021-10-17 17:38:46
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