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Forex Trend Analysis Report
Prepared for you on Thursday, November 7, 2024.
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.
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MarketClub’s Trade Triangles for DKKCAD
The long-term trend has been DOWN since Nov 6th, 2024 at 0.19939866
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.19958714
The short-term trend has been DOWN since Nov 5th, 2024 at 0.20251319
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20001207 | 0.20015400 | 0.20000134 | 0.20014250 | +0.00013000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20001207 | 2024-11-07 01:36:13 |