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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Danish Krone/Canadian Dollar (FOREX:DKKCAD)

Long-Term Uptrend (+90) - DKKCAD is in a strong uptrend that is likely to continue. While DKKCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.19846350 0.19876100 0.19834519 0.19837150 -0.00009200
Entry Signal

MarketClub’s Trade Triangles for DKKCAD

long term up The long-term trend has been UP since Mar 6th, 2024 at 0.1982325

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 0.1977120

short term up The short-term trend has been UP since May 13th, 2024 at 0.1978950

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
0.19846350 0.19876100 0.19834519 0.19837150 -0.00009200
Prev. Close Volume Bid Ask Time
0.19846350 2024-05-22 06:44:06
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