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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2024.

Danish Krone/Canadian Dollar (FOREX:DKKCAD)

Crossroads (+60) - DKKCAD 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 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
0.20015059 0.20062432 0.19979190 0.20053304 +0.00038200
Entry Signal

MarketClub’s Trade Triangles for DKKCAD

long term down The long-term trend has been DOWN since Nov 6th, 2024 at 0.19939866

intermediate term up The intermediate-term trend has been UP since Dec 6th, 2024 at 0.20018400

short term up The short-term trend has been UP since Dec 4th, 2024 at 0.19862711

Smart Scan Analysis for DKKCAD

Based on our trend formula, DKKCAD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for DKKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20015059 0.20062432 0.19979190 0.20053304 +0.00038200
Prev. Close Volume Bid Ask Time
0.20015059 2024-12-09 20:26:10
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