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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.

FOREX_DKKCNY
Open High Low DKKCNY Price Change
0.9786471 0.9794432 0.9738154 0.9766036 -0.0020430
Entry Signal

MarketClub’s Trade Triangles for DKKCNY

long term up The long-term trend has been UP since Oct 4th, 2022 at 0.9491375

intermediate term down The intermediate-term trend has been DOWN since Feb 7th, 2023 at 0.9771326

short term down 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).

-70
Smart Scan Analysis for DKKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9786471 0.9794432 0.9738154 0.9766036 -0.0020430
Prev. Close Volume Bid Ask Time
0.9786471 2023-02-07 20:56:01
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