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Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Long-Term Downtrend (-90) - DKKCNY is in a strong downtrend that is likely to continue. While DKKCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for DKKCNY
The long-term trend has been DOWN since Oct 1st, 2024 at 1.0414570
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 1.0275375
The short-term trend has been DOWN since Dec 30th, 2024 at 1.0166441
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0149758 | 1.0150887 | 1.0024390 | 1.0042470 | -0.0107290 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0149758 | 2025-01-02 15:48:33 |