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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

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.

FOREX_DKKCNY
Open High Low DKKCNY Price Change
1.0621614 1.0621614 1.0615405 1.0616300 -0.0005310
Entry Signal

MarketClub’s Trade Triangles for DKKCNY

long term up The long-term trend has been UP since Jun 7th, 2024 at 1.0433112

intermediate term up The intermediate-term trend has been UP since Jul 3rd, 2024 at 1.0534086

short term up The short-term trend has been UP since Jul 17th, 2024 at 1.0629823

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).

+90
Smart Scan Analysis for DKKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0621614 1.0621614 1.0615405 1.0616300 -0.0005310
Prev. Close Volume Bid Ask Time
1.0621614 2024-07-23 01:42:21
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