Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Weak Downtrend (-65) - DKKCNY is showing signs of a strengthening downtrend. Monitor DKKCNY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid DKKCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKCNY
The long-term trend has been UP since Oct 4th, 2022 at 0.9491375
The intermediate-term trend has been DOWN since Feb 7th, 2023 at 0.9771326
The short-term trend has been DOWN since Feb 3rd, 2023 at 0.9824483
Smart Scan Analysis for DKKCNY
Based on our trend formula, DKKCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).