Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Long-Term Uptrend (+90) - DKKCNY is in a strong uptrend that is likely to continue. While DKKCNY 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 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 Mar 6th, 2020 at 1.0498137
The intermediate-term trend has been UP since Jul 14th, 2020 at 1.0749067
The short-term trend has been UP since Aug 5th, 2020 at 1.1066604
Smart Scan Analysis for DKKCNY
Based on our trend formula, DKKCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).